NACB: Setting the Standards
Jun 16, 2017 10:46AM ● Published by Alex Martinez
SROs, like FINRA (Financial Industry Regulatory Authority) in the financial industry, are proven to be a highly effective means of helping to grow industries, reduce regulatory uncertainty, and protect the public. Similar to other SROs, the NACB intends to work with members to create uniform, national standards to ensure its members act responsibly. The NACB also intends to provide members access to expertise, tools and services they are unlikely to access elsewhere that are intended to help them enhance the value of their business and navigate the complex web of constantly shifting regulations they face every day.
“The cannabis industry is on a historical growth trajectory that is expected to continue for years to come, but even the most established, well-run businesses recognize that the future favors the prepared,” said Laterman. “As other industries have experienced with their SROs, establishing and committing to voluntary national standards will enable cannabis business owners to demonstrate impeccable business and compliance practices to consumers, regulators, banks and investors. Andrew and the team have every base covered, with proven expertise across federal government, data and analytics, and the cannabis industry.”
· Chief Legal Officer Douglas Fischer, who joins NACB after nine years focusing on cannabis law and financial regulation, compliance, and enforcement at law firm Cadwalader Wickersham and Taft;
· Chief of Staff Sarah Zimmerman, a Marquette University School of Law adjunct professo and former federal appellate clerk;
· Membership Director Ross Robinson, whose 30-year career includes senior executive positions at the YMCA and the World Federation of Hemophilia;
· Chief Marketing Officer Ken Hanson, an award-winning brand strategist and co-founder of national marketing agency Hanson Dodge;
· Chief Technology Officer Navin Narayanan, who draws on an extensive background building electronic data interchanges in healthcare and finance; and
· Chief Communications Officer Howard Schacter, a former Adweek Marketer of the Year.
· Ean Seeb, a National Cannabis Industry Association (NCIA) board member and Policy Council committee member, and co-founder of Denver Relief Consulting and one of Colorado’s earliest medical cannabis operations, who will serve as the NACB’s Colorado
· Adam Orens, a nationally recognized cannabis economics expert and co-founder of
· Malik Burnett, M.D., a public health and cannabis policy expert, who co-chaired the
· Kristen Yoder, a California-based cannabis insider who has worked across every facet of
· Jill Schmitz, a Colorado-based compliance advisor; and
· Parthib Srivathsan, a business consultant who has helped to grow over 100 early stage businesses.
In addition to helping establish national standards, NACB membership will ultimately benefit from a proprietary, best-in-class and ultra-secure technology platform the NACB is developing. The platform, powered by an IBM infrastructure, will help make real-time compliance easier for
According to Kline, the NACB will collaborate with industry leaders, beginning with the acceptance of a seat on the Policy Council of the NCIA.
CEO Amy K. Peckham of Etain, a founding member of the NACB, said: "Etain is proud to become a founding member of the NACB. The standards we will establish with the NACB will allow us to achieve the transparency this industry needs to become legitimately recognized for
About the National Association of Cannabis Businesses (NACB)
The National Association of Cannabis Businesses (NACB) is the only self-regulatory organization whose mission is to support the compliance, transparency and growth of legal cannabis businesses in the U.S. Led by a team of government, legal, banking and data security experts, the NACB helps member businesses establish voluntary national standards that demonstrate unerring business and compliance practices to consumers, regulators, and financial institutions. The NACB also provides members access to expertise, tools and services that are intended to help them enhance the value of their business and navigate the complex web of constantly shifting regulations they face every day. The NACB is a division of First American Holdings, a technology and business services company. For more information, visit www.NACB.com.
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