News & Insights

NACB TAX & ACCOUNTING SYMPOSIUM 2018: OVERVIEW & RESOURCES

As part of its mission to assemble a community of top advisors and businesses in cannabis, on July 10, 2018 the NACB conducted its second Symposium, focusing on issues relating to tax and accounting in the cannabis industry.

NACB Members and Blue Ribbon Affiliates received exclusive access to this event, which was hosted by the acclaimed advisory firm CohnReznick and featured speakers from other premier firms and top-ranked boutiques, including Jones Day, FTI Consulting, Harris Bricken and BLY CPA.

You can download the NACB Legal Symposium Handbook below, along with PDFs of each presentation from the event.

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  July 18, 2018

NACB TO ADDRESS TAX & ACCOUNTING CHALLENGES IN CANNABIS INDUSTRY

Los Angeles, CA. On July 10, 2018, the National Association of Cannabis Businesses (NACB) will hold its second advisory services Symposium, which will focus on issues relating to tax and accounting in the cannabis industry. The event will be hosted by the acclaimed advisory firm CohnReznick and feature speakers from other premier firms and top-ranked boutiques.

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  July 07, 2018

CASHING IN ON CANNABIS: SELLING TO THE CANNABIS INDUSTRY

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  May 31, 2018

E-CIGS & THE FDA: A CAUTIONARY TALE FOR CANNABIS

Dear Readers,

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.

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  May 15, 2018

NACB ADDRESSES TRUST GAP IN U.S. CANNABIS WITH BLUE RIBBON AFFILIATE PROGRAM

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.

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  March 28, 2018

CONGRATS, NEVADA!

Congratulations to the state of Nevada for unanimously passing permanent rules for the state’s adult-use cannabis industry.

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  March 01, 2018

NACB LEGAL SYMPOSIUM 2018: OVERVIEW & RESOURCES

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.

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  February 05, 2018

NACB CLARIFIES ITS NATIONAL STANDARDS PROCESS

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:

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  January 31, 2018

NACB LAUNCHES HISTORIC STANDARDS INITIATIVE AND EXPANDS OFFERING

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.

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  January 19, 2018
 
 PLEASE NOTE
The NACB does not assess and is making no representations or warranties concerning the quality, safety, or suitability of the products and services offered by NACB Blue Ribbon Affiliates.

NACB Blue Ribbon Affiliates pay the NACB to undergo the NACB’s proprietary vetting process and to maintain their status as NACB Blue Ribbon Affiliates.