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Joshua Laterman joins us and shares that the new National Association of Cannabis Businesses see themselves as a self regulatory organization for cannabis. Joshua notes that the mission of the organization is to safeguard the survival of members through the voluntary adoption of standards. The team comes from regulatory background. The play is to the executive branch of government and the team has federal experience- a former federal prosecutor, a former chief of staff in the DEA, former white house counsel. The team also has cannabis folks on board including past guests Ean Seeb and Adam Orens. And for folks in the space who are wondering, the NACB is participating on the NCIA policy committee.

Transcript:

Speaker 1: Joshua Laterman. Joshua Laterman joins us and shares that the new National Association of cannabis businesses sees themselves as a self regulatory organization for cannabis. Joshua notes that the mission of the organization is to safeguard the survival of members through the voluntary adoption of standards. The team comes from a regulatory background. The play is to the executive branch of government and the team has federal experience. A former federal prosecutor or a former chief of staff and the dea former White House counsel, the team also as cannabis folks on board, including past guessing and CBE and Adam orens. And for folks in the space who are wondering, the NACB is participating on the Ncaa Policy Committee. Welcome to cannabis academy. I'm your host Seth Adler. Check us out on social with the handle can economy. That's two ends in the word economy. Joshua Laderman got a millennial mindset right off the bat.

Speaker 3: Yeah, I think Josh was my child name and now I'm trying to be a bit more of a grown up, you know, you can tell who's calling me by, whether it's Josh or Joshua. That's my friend Joey, who's Joe now. And my friend Benji who's been. Now Joey will, except Joe. Actually Joe will accept joey. But uh, Benji really, he doesn't like it. So of course, since we're childhood friends, that's all we call them naturally. That's our business. I mean that's, that's our, our uh, not only are right but our duty. Right? Fantastic. So you have rights, you have duties a n a, C, B. Right. So I see anytime I see a new association come out, I'm like, okay, well who, who were the new guys, but then I kinda looked and, and uh, spoke to your team about the fact that you've got some real folks both from outside the industry and inside the industry that are behind what you're doing here.

Speaker 3: Sure. Yeah. So the, the NACB, the National Association of cannabis businesses and our website is NACB.com. Sure, yeah. We are the only self regulatory organization for us cannabis and we will safeguard the longterm survival and growth of our members through the voluntary adoption and enforcement of responsible standards of conduct. And maybe we can talk about a self regulatory organization later. Sure. You brought up our team, so it will be, I could give you a little background lease. Sure. So we're in the elevator pitch part of this. Let's do it. Absolutely. So you know, myself, I've been a general counsel and an advisor to family offices to a publicly traded bank and two private equity companies. So I've been serving financial services and dealing with hyper regulation for most of my career is good. You know, we looked at the industry and we felt that a novel way to progress would be to focus on the executive side of the government.

Speaker 3: Sure. And so we assembled a team with some terrific federal experience. Notably our president, Andrew Klein, is a long time federal prosecutor, were advised by the former chief of staff of the Drug Enforcement Agency, the former head of the department of Justice, former White House counsel. Great. And all of these lawyers and former regulators have a belief that through self regulation we can provide a successful solution to cannabis right now. Yeah, absolutely. With the kind of a experience that you're bringing to the table, we can see that this is different. Just Kinda set folks mind at ease about the relationship between you guys and Ncia so that we know that everybody's kind of friends here. I mean sure. So to be an effective advisor, we need to have the federal expertise and we really need to have deep cannabis expertise. Right. And EMC has been one of our advisors for three years since inception.

Speaker 3: Really, I think he is one of the most thoughtful guys in the industry and also among the most honest, we also have on our team the head of the marijuana policy group, Adam Orens, he's an economist based in Denver. We Know Adam, Adam's done several years of demand and impact studies, so we look for cannabis experts who have an objective perspective now with respect to the NCIA, huge respect. You know, we have met with Aaron and his team and they have done a ton of terrific stuff for the industry. They are a supporter of ours. They offered us a seat which we accepted on their policy committee, but we all are very different in terms of how we go about our business. The NCIA is a terrific lobbyists advocate and also hold some tremendous conferences where there's a lot of information being exchanged for us. We are a self regulatory organization.

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