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CBD

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cbd crowdfundingOne of the primary obstacles of CBD business is the fear of legal prosecution. Although CBD edibles and CBD medication are legal in most places now, certain places still hold it illegal. Therefore, getting lump sum amount of bank loans becomes problematic. Because CBD edibles are made with Cannabinoid compounds extracted from Cannabis plants, most people assume that these are similar to Marijuana. It is just a very basic misconception. But, this misconception and legal problems are two obstacles that CBD production houses must deal with. At present, the common misconception about CBD edibles has decreased about the public, thanks to the internet. A lot of people are now interested in CBD because of its quality of healing or reducing physical and mental pain. Noticing the rising demand of CBD in the market, the suppliers are now interested in CBD crowdfunding. Because of social media, crowdfunding is a popular way of arranging money now. Crowdfunding is a people’s fund where a large number of people donate mon
ey in exchange of share in the business of in the promise of something.

CBD crowdfunding is an effective way for the suppliers to get money to run the business and the customers to donate some money in promise of regular discount or free sample offers. Many websites these days have provision of CBD crowdfunding where interested people can donate money. These are some of the most visited CBD crowdfunding websites:

1. Hikurangi Hemp Company

This is a New-Zealand based CBD company which focuses on producing CBD medication which is in high demand now. They run their business through equity crowdfunding. They also promise to deliver legal CBD products which are made from Cannabis plants they grow themselves. Their target initially was to raise about 2 million dollars. They were working through the New Zealand crowdfunding site called PledgeMe.

2. CannaKorp

Cannakorp is another crowdfunded Cannabis company which produces and supplies CBD products. They pride on producing world’s first, single-use, herbal vapourizer. They aim to raise about 1.07 million dollars through crowd funding.

3. Confident Cannabis

Confindent Cannabis is famous for dealing in wholesale supply of Cannabis products. This company is leading in the CBD crowdfunding as it received a 12 million dollars worth of fund through Series A funding this year.

4. HelloMD

This is another Cannabis company that is trying to expand its business through crowdfunding. It has combined traditional capital with crowdfunding to get the best results. It has through Series A funding has accumulated about 15 million dollars.

5. Leaf

Leaf is a CBD production company which believes in combining tradition capital and crowdfunding. They think that crowdfunding also makes it possible for their business to reach more customers. A fresh plethora of subscribers have subscribed to their websites after they have launched the crowdfunding system. It has made their relationship with the customers more organic.

Crowdfunding provides just another provision for making CBD products popular and capitalize on CBD products. It also does not have the problems of legality issues.

Novus MedPlan is widely popular supplemental health plan that offers several benefits for patients, cultivators, and dispensaries as well. Patients that need to buy hemp/CBD and medical marijuana to meet their health care requirements can avail great benefits from this plan. Frank Labrozzi, Novus CEO and Chairman say that this plan help patient to reduce their medical bills by a considerable level.

Note that, this health plan works for the cost associated with vision, dental, naturopathic, diabetic care along with imaging, telemedicine, and prescription as well. At the same time, the company offers great cost saving on medical cannabis as well.

In order to provide such offers to the patients, Novus has established partnerships with many companies whose products are listed on the online web portal of MedPlan. Labrozzi recently revealed that the Novus actually works for applying discounts on products depending upon the health plan criteria; however, transactions for all the purchases actually happen between the company and the patient directly. In order to sell the medical health products at a discounted price, the service providers/companies need to integrate into vertical fashion so that the discounts can be applied with ease. In order to cover the losses of the companies after applying discounts, Novus provides complementary advertising and marketing services. They list out products online on easy to access dispensaries so that patients can order prescriptions with ease.

Some of the most popular benefits of establishing a partnership with Novus are instant present on Novus web shop, member access, SEO services, and many more. The prime idea of Labrozzi is to set up vertical integrations among cultivators, dispensaries, and manufacturers as well. The company CEO also revealed that Novus follows several methods for advertising its own services and the products from other program members as well; however, all strategies follow state regulations. With their awesome marketing ideas, they have achieved the estimated count of 15000 members with the estimated cost of marketing around 1.3 million.

Novus was established in the year 2015, and they are currently serving customers on the state level. Hopefully, they will increase their service scope with the legalization of cannabis products. Labrozzi also said that as soon as the cannabis products are approved federally, the company will start doing co-pays and reimbursements as well. They are presently working in Canada to develop suitable plans for co-pay and reimbursement with handsome discount offers.

Although medical marijuana or CBD oils in Canada are federally approved, as the regulation in the US relies more on the insurance and cannabis programs of each state; Novus need to become an approved brand in the area to sell products in all states without any risk. Note that, Novus is a California based insurance company, and the regulations in this state are usually very strict; hence, many other states also want Novus to apply the same model for discounted packages.

Patients can access the full plan of Novus with a monthly payment of $24.95 with no copays, long term contracts or deductibles; they can avail immediate approval from Novus-MedPlan network.