NatureTrak provides ongoing or project-based cannabis financial services advisory. We can assist financial institutions with an exit strategy that maintains compliance with all applicable regulation, including increased reporting requirements.
Solutions to the U.S. Department of Justice guidance on the evaluation of corporate compliance programs.
Many financial institutions do not have the capacity or expertise to distinguish cannabis businesses and ancillary businesses and appropriately identify the associated risks. NatureTrak works with financial institutions to implement cannabis-specific inherent risk assessments so you can have better optics on underlying risk when working with cannabis businesses and ancillary businesses.
Regardless of whether the financial institution serves the cannabis ecosystem, a method to identify cannabis businesses is the first step to supporting the board of director’s decision regarding serving the cannabis industry. NatureTrak’s cannabis and ancillary business risk models provide a quantitative method to identify these customer types and take appropriate action.
Raising the baseline institutional knowledge of the cannabis ecosystem is key to successful outcomes. Training programs designed by former cannabis regulators equips financial institutions with the knowledge and know-how their employees need to operate confidently in the complex cannabis market space. Whether front line staff or the board of directors, Copacetic Strategies will increase the ability of employees and management to make informed decisions when interacting with the cannabis ecosystem.
Prior to providing services to cannabis businesses, regulators advise that a plan to remove the cannabis customer segment be developed. Copacetic Strategies can assist financial institutions with an exit strategy that maintains compliance with all applicable regulation, including increased reporting requirements.
Providing a rubric for examining customers along the cannabis risk vector
Training your staff to raise their knowledge in the area
Developing and implementing a monitor or detective control to identify mis-categorized customers
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Comprised of industry supply chain, municipalities, and now banks.
As leaders in the cannabis compliance marketplace, Simplifya, NatureTrak, and HDCS have formed an alliance.
By acquiring Copacetic Strategies, NatureTrak has expanded its offerings and expertise which includes risk mitigation and more.
Understand the complexities and risks of this sector as cannabis product moves through the supply chain to its final destination.
Jontae James is the founder and CEO of Sacramento-based NatureTrak, which works with financial institutions to create an auditable supply chain record for their legal cannabis business customers.