This new document’s goal is to give an overview of the payment options that are available at the state level that might, if properly used and implemented, be legal within the applicable state and which might avoid triggering federal law enforcement action.
EMC was privileged to have the Honorable Rodney E. Hood as its keynote speaker for their Out of the Weeds
4:20 FinancialForum in Washington, D.C. Read his complete remarks by clicking the button
NATIONAL STANDARDS FOR CASH MANAGEMENT
The new National Standards for Cash Management provides peer and expert reviewed cash management tools and protocols that cannabis-related businesses need to incorporate in their operations to be as efficient and safe as possible in today’s regulatory environment while also preparing to work with financial institutions when current legislative, and regulatory barriers are lessened or dropped.
"We’re simply utilizing some recent innovations in how money can be moved and how financial products services can be delivered to deliver these services to cannabis businesses, while also solving fairly unique compliance problems that are specific to the industry."
- Abaca CEO Dan Roda
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.
Bob Craig, CEO
Cannabis Banking aligns at the intersection of technology and deep expertise to lift our nascent industry out of the 90’s and into modern digital solutions. PayQwick has the full complement of people, processes, and technology to serve cannabis businesses and financial institutions without additional risk or cost.
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…
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, law enforcement, IRS rules, media, and public perception. By pooling resources, expertise, influence, and networks – the whole is greater than the sum of the parts, and than anyone 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 how your organization will benefit by joining EMC, contact us at 202-964-0522 or send us an email
Due to the present federal status of cannabis, many EMC financial services
members choose to not be listed
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 obtained tax-exempt status as a public charity under Section 501(c)(3) of the federal tax code.