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National Association of Cannabis Businesses (NACB) to Become Not- For- Profit Membership Organization

·1-min read

MILWAUKEE, Wis., August 16, 2022--(BUSINESS WIRE)--The National Association of Cannabis Businesses (NACB), the cannabis industry's first self-regulatory organization (SRO), has announced that it will convert from a for-profit corporation to a not-for- profit organization later this year.

Originally launched in June 2017 as a for-profit corporation, the mission of the NACB has been to support the compliance, transparency, and growth of cannabis businesses in the U.S.

As a not-for-profit, the new NACB will be a member-driven organization created to become the cannabis industry’s most reliable source of information on how best to fulfill the potential of the New Cannabis Economy. It will grow into a self-sustaining not-for-profit organization with member-benefiting activities-- such as certification and education.

About the NACB
About the National Association of Cannabis Businesses
The National Association of Cannabis Businesses (NACB) is the only self-regulatory organization whose mission is to support the compliance, transparency and growth of legal cannabis businesses in the U.S. Led by a team of government, legal, banking and data security experts, the NACB helps member businesses establish voluntary national standards that demonstrate unerring business and compliance practices to consumers, regulators, and financial institutions. The NACB also provides members access to expertise, tools and services that are intended to help them enhance the value of their business and navigate the complex web of constantly shifting regulations they face every day. For more information, visit

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Melissa M. Krantz
Krantz and Company