The NACB and the EMC have formed a strategic alliance to develop a National Standard for Cash Management for the cannabis industry.
“The Emerging Markets Coalition is excited to be partnering with NACB in developing standards. This is a collaboration of both the banking and cannabis industries to ensure pragmatic and prudent practices to support the transparency and anti-crime efforts necessary in a cash heavy industry” EMC co-founder and CEO Kirsten Trusko said.
A new whitepaper by: Kirsten Trusko, Kelly Whyman and Sarah Londberg
“On the road to normalization in the emerging market of cannabis financial services - there is a flood of information but a dessert of facts...”
Johntae James, CEO
James is the founder and CEO of Sacramento-based NatureTrak, an accounting and tracking system for financial institutions to be able to create an auditable supply chain record for their legal cannabis business customers.
“As the need for solutions to the cash basis for the emerging markets grows, we joined EMC to work with other leaders in the space to identify solutions that work in the legal and regulatory environment.”
EMC’s Kirsten Trusko and Kelly Whyman of Seed to CPA talk with Trichomes about the opportunities and challenges…
Chris Rentner, CEO
“Financial transactions in the cannabis industry can be complicated, both for consumers and the many businesses in the supply chain,” Chris Rentner, co-founder and chief executive of Spence Labs, said. “Our goal is to make it simpler and safer for everyone involved, from grower to retailer to customer.”
Trent Sorbe, CEO
“Regardless of the legislative status surrounding cannabis banking, the industry will always need an organization to lead the development of best practices. We joined EMC because we recognize its potential to foster collaboration and thought-leadership.”
What is the Emerging Markets Coalition?
The Emerging Markets Coalition (“EMC”) is a member-driven advocacy and educational organization for financial services in highly cash based and underserved markets. Our 1st targets are the cannabis related industries (hemp, CBD, Cannabis). EMC advocates and drives for the normalization, electronification, and increased accessibility to full financial services for the cannabis-related industries – enabling these businesses to operate as do other legal businesses in a growing, regulated, emerging market.
EDUCATE. ADVOCATE. PROTECT. PROMOTE.
EMC’s leaders, board, and advisors have contributed to multiple cannabis financial services podcasts, webinars, news articles and research. Available here.
We’ve assembled some fast-facts and placed our whitepaper on Cannabis Financial Services: Opportunities and Challenges right here.
Read more about what is happening in this emerging market and what our members are doing in this rapidly evolving space.
Why join EMC?
Be part of the powerful joint voice of top financial services and cannabis-related industry players, to proactively drive relationships and workable legislation, regulation, and public perception. By pooling resources, expertise, influence, and networks – the whole is greater than the sum of the parts, and than any one player acting alone. The return on investment (“ROI”) in EMC Membership is over 20x. EMC membership is open to all stakeholders in this ecosystem, who agree to follow EMC Best Practices and Code of Conduct.
Membership is open to all stakeholders in cannabis related industries and financial services. Membership tiers are based on the size of the organization and the level of influence, presence and benefit desired.
To learn more about your organization will benefit by joining EMC, contact us at 202-964-0522 or send us an email
For more information contact:
Kirsten Trusko, CEO
Thank you for your interest in EMC. If you’d like to learn more about us, including our upcoming events, please complete the form below. We look forward to hearing from you.
Emerging Markets Coalition (“EMC”) is a Delaware nonprofit, nonstock corporation that has retained counsel and submitted an application to obtain tax-exempt status as a public charity under Section 501(c)(3) of the federal tax code. Although IRS recognition cannot be guaranteed, contributions to EMC during the interim period while its application is pending, but prior to receipt of an IRS Letter of Determination, would qualify as tax-deductible on a retroactive basis to the fullest extent allowable by law. Please consult your professional advisors on all legal, tax or financial matters related to charitable contributions.