Watch NACB CEO and Founder Joshua Laterman provide his take on how the cannabis industry can learn from the lift on sports gambling.
A few weeks ago, the Food and Drug Administration (FDA) and Federal Trade Commission (FTC) issued warning letters to manufacturers of e-cigarettes for overtly marketing their products to children. All licensed cannabis business owners should heed the warning - today.
Let me explain.
HUNDREDS OF CANNABIS BUSINESS LEADERS TO ADVOCATE FOR FAIR TREATMENT DURING 8TH ANNUAL CANNABIS INDUSTRY LOBBY DAYS
National Cannabis Industry Association members to meet with Congressional representatives to advocate for the fair treatment of the legal cannabis industry.
WASHINGTON, DC and DENVER (April 25, 2018) - The National Association of Cannabis Businesses (NACB), the first and only self-regulatory organization (SRO) for U.S. licensed cannabis businesses, has published for comment the NACB Advertising National Standard. The Standard is designed to help NACB members protect consumers and demonstrate to regulators, financial institutions and the public that NACB members operate at the highest levels of ethics and responsibility. The NACB Advertising National Standard is available for public review and comment on the NACB website at www.NACB.com from today until May 25, 2018.
The NACB has announced the Blue Ribbon Affiliate program, filling a critical need to help its members, investors, financial institutions and the others in the cannabis eco-system identify ancillary products and services companies they can better trust to conduct business.
The NACB Blue Ribbon Affiliation program helps bridge an ever-widening trust gap. It offers
equipment manufacturers and suppliers, consultants, law firms and other ancillary businesses the ability to communicate to cannabis license holders, investors, financial institutions and all other business partners that they have been rigorously vetted by the NACB as operating at the highest standards of ethics and responsibility.
In addition to receiving a distinguishing credential that recognizes their business as a trustworthy partner, NACB Blue Ribbon Affiliates will gain access to the cannabis community through NACB events and promotions, as well as to ongoing expert insights to help grow their business.
Companies interested in being recognized as an NACB Blue Ribbon Affiliate can apply here. The intensive, 28-point evaluation process encompasses both offline analyst and online due diligence elements. They include an online search of adverse and noteworthy risk-relevant information, a review of principals’ background for evidence of improper business practices, a search of the appearance of company owners on government watch lists, reference checks, and additional features. The process is expected to take approximately two weeks, after which the NACB will notify applicants of the result.
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.