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.
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...”
EMC’s Kirsten Trusko and Kelly Whyman of Seed to CPA talk with Trichomes about the opportunities and challenges…
What is the Emerging Markets Coalition?
EMC is a member driven 501c3 for advocacy and education on behalf of its Members – financial services (FS) companies serving cannabis related industries. EMC drives progress to normalize FS – across the 3-legged stool of: government, cannabis, and FS industries. This draws in more FS companies, making FS more widely available, with a broader/deeper set of compliant competitive offerings.
EMC is led by the Executive Council – FS companies who collectively serve 90% of US cannabis businesses and 85% of the US financial institutions actively serving this industry. This gives EMC great reach, vision, influence, and impact to this emerging and growing market.
EMC is informed by the cannabis industry via the Advisory Council – those who provide compliance, accounting, legal, and business support to their 1000s of cannabis clients. Theyare not Members of EMC – rather act as a sounding board and advisory to Members in product design& delivery, and in referrals to EMC Members for financial services
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 collective voice of top Financial Services(FS) companies – to proactively drive change. Join the drive to build & leverage relationships with law enforcement, legislators, regulators, IRS, media – for workable rules and positive collaboration.
Membership is open to all FS companies who agree to follow the EMC Best Practices and Code of Conduct. Membership tiers are based on the size of the organization and desired level of influence, presence,and benefit
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.