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.
The rescinding of the Cole Memo meant that licensed cannabis businesses lost one of two important protections from federal intervention – the other being the Rohrabacher–Blumenauer amendment. Of course, the latter only protects medical cannabis operators and may expire as early as January 19th.
What does all of this mean for licensed cannabis businesses?
In our view, it is now more critical and urgent than ever for even the most well-run and compliant operators to demonstrate to regulators and law enforcement that they operate at the highest standards of ethics and responsibility. Membership in the NACB can serve as a critical part of that strategy.
Another major topic of discussion last week was word of California’s possible banking solution, arguably the single biggest challenge facing legal operators. We’ll be watching that situation closely, but continue to believe that as long as marijuana is listed as a Schedule I controlled substance, top tier banks will stay on the sidelines and not participate in California’s solution. See how NACB CEO Joshua Laterman addressed the topic on CNN last week.
As if all of that isn’t keeping us busy enough, we've been hard at work preparing for the publication of the first NACB National Standard. Keep your eyes peeled for more soon. Suffice to say, we're looking at 2018 as a watershed year for the NACB and the cannabis industry as a whole.
NACB's DougLAS Fischer to Moderate
Safety & Compliance Panel at Canna East
The NACB is a proud supporting organization of next week’s Canna East Compliance Summit 2018 in Orlando, FL. The event will bring regulators and some of the best minds in cannabis together to discuss the regulatory and legal landscape facing the industry today.
NACB Chief Legal Officer Douglas Fischer will be moderating a panel on running a compliant retail business and sourcing safe cannabis products, to include:Scottie Gordon, Esq., COO, ERMONT INC.
Kim Napoli, Esq., Marketing Specialist, NEW ENGLAND TREATMENT ACCESS, INC.
Hillary Peckham, COO, ETAIN, LLC
George Scorsis, CEO and Director, LIBERTY HEALTH SCIENCES
Brad Zerman, CEO, SEVEN POINT
Check out the full agenda here, and if you plan to attend the event we’d love to see you there! Please let us know by sending an email to email@example.com.
NACB HOSTS PRESTIGIOUS LEGAL SYMPOSIUM IN WASHINGTON D.C.
On January 22, the NACB will hold its first Legal Symposium, focusing on issues of banking, finance, and regulation in the cannabis industry. The event will be hosted by the international law firm Cadwalader, Wiskersham, and Taft LLP and feature speakers from additional premier law firms, as well as top-ranked boutique firms with dedicated local cannabis expertise. Further, NACB will pull from its bench of industry partners, experts, and regulators to shed light on the shifting and expanding cannabis landscape.
NACB’s Director of Legal and Strategic Initiative, Eugene Morgulis, says the goal of the event is "to bring together the brightest minds in cannabis law, all in keeping with the NACB’s mission to bring world-class thought and talent into this fledgling industry."
DO YOU WANT TO GET MORE INVOLVED?
The NACB is the cannabis industry’s first and only self-regulatory organization (SRO), with an aim to establish national standards to address critical issues and legitimize the industry. We are offering free membership for a limited time to qualified licensed cannabis businesses. Credentialed NACB members will play an important role in helping create our standards. Please Join us.
IF YOU'RE A LICENSED CANNABIS BUSINESS AND INTERESTED IN BECOMING A MEMBER OF THE NACB, PLEASE COMPLETE THIS FORM.
Gain a distinguishing credential that demonstrates your company operates at the highest levels of ethics and responsibility
Shape national standards that align with Federal priorities and are likely to help govern cannabis in the future
Receive thought leadership to help you grow your business
Access members-only technology that will ease compliance when it rolls out as expected in 2018