As part of its mission to bring its members valuable thought leadership and tools to help them Be Ready™ for the regulatory uncertainty facing the cannabis industry, on January 22, 2018 the NACB conducted the first NACB Legal Symposium: Preparing for 2018 and Beyond, an event focused on the critical issues of banking, finance and regulation in the cannabis industry.
Hosted by the international law firm Cadwalader, Wickersham & Taft LLP, and produced exclusively for NACB members and associates, the NACB Legal Symposium featured speakers from premier law firms and top-ranked boutique firms with dedicated cannabis expertise. They included Cadwalader, Wickersham & Taft, Jones Day, Davis Polk, King & Spalding, Torys, Hoban Law Group, Harris Bricken, and Frontera. Additional participants included NACB industry partners and experts, who helped shed light on the shifting and expanding cannabis landscape.
You can download the NACB Legal Symposium Handbook below, along with PDFs of each presentation from the event.
FOCUS President Lezli Engelking this week published a letter to the industry in an attempt to educate the cannabis community about the various organizations seeking to establish national standards, including the NACB. We were highlighted among an esteemed group of organizations on the heels of the publishing of a draft of our first NACB National Standard, focused on Packaging and Labeling. We commend Lezli for taking the time to publish her letter. We agree that the topic of standards can be confusing, particularly in an industry wrought with uncertainty. To that end, we wanted to ensure the cannabis community has as clear a picture as possible about how the NACB is approaching National Standards development, as well as our perspective about working with others in the industry, including FOCUS. You can read our full process here, but in a nutshell:
After several months of hard work among NACB Members and a team of regulatory experts, packaging consultants, cannabis advisors and NACB leadership, this week we published a draft of the first-ever National Standard for U.S. cannabis. As the Wall Street Journal said in reporting on the news, “[Cannabis operators] want to show that they can regulate themselves even though the federal government won’t” and “The proposed regulations govern topics such as tamper-resistant packaging, warnings for people with allergies or women who are pregnant or breastfeeding, and safeguards to prevent consumption by minors.”
This week marks a major milestone for the NACB and the cannabis industry-at-large: the release of a DRAFT of the NACB’s first-ever National Standard, addressing packaging and labeling rules. It is available here for review as we commence a Notice and Comment period that will conclude on February 21st. Until that time, anyone can provide feedback, which NACB Members will consider before voting on a final standard shortly after that date.
As part of its mission to bring its members valuable thought leadership and tools to help Be Ready™ for the regulatory uncertainty facing the cannabis industry, on January 22nd the NACB will conduct the NACB Legal Symposium: Preparing for 2018 and Beyond, an event to focus on the critical issues of banking, finance and regulation in the cannabis industry.
Usually the first week of January is about shaking off the cobwebs from Holiday Season parties and family vacations. Thanks to Mr. Sessions and creative regulators in the great state of California, that was hardly the case for the cannabis industry and the NACB.