NCIA Nearly Doubles Funds

NCIA Nearly Doubles Funds

NCIA Nearly Doubles Funds Through Donations From Business Consultants, Law Firms

Source: Cannabis Wire

The National Cannabis Industry Association PAC (NCIA) took in $24,000 this quarter, bringing their total to $59,750 in 2018. This continues the NCIA PAC’s upward trend of raising more and spending more over the years.

Here’s who contributed:

  • $5,000 from Byron Mignanelli, CEO of Global Strategic Management Institute (GSMI). Based in California, GSMI hosts cannabis business conferences throughout the country.  GSMI’s president, Luke Vinci, also gave $5,000.

  • $1,500 from Sean McAllister, the founding attorney for the Colorado cannabis law firm McAllister Garfield, P.C.

  • $1,250 from Kris Krane, president of the cannabis company 4Front. 4Front has cultivation licenses in Illinois and Massachusetts, and also owns the dispensary chain Mission. Mission has one dispensary in Illinois and another in Pennsylvania, with locations forthcoming in Maryland and Massachusetts.

  • $5,000 from Jay Czarkowski, founding partner ofCanna Advisors, a cannabis business consulting firm in Colorado.

  • $2,500 from Khurshid Khoja, founder of Greenbridge Corporate Counsel, a law firm representing cannabis businesses in California, Washington and Oregon.

  • $250 from Aaron Justis, owner of the Los Angeles dispensary Buds & Roses.

  • $1,000 from Thomas Mundell, chairman of theMissouri Association of Veterans Organizations (MAVO). Mundell is also the Director of Veterans Affairs for Project 4-22, a project of the Greater St. Louis NORML chapter, which advocates for veteran access to medicinal cannabis in the state. According to Greater St. Louis NORML’s website, “The campaign is called ‘NORML’s Project 4-22’ for the 22 reported veterans that commit suicide every single day.”

  • $500 from Joseph Pearson, owner of the California dispensary chain SPARC.

  • $1,000 from Christine Braddock, CEO of Eden Labs, a botanical extraction company in Seattle, Washington.

  • $1,000 from Michael Minardi, senior partner atMinardi Law, a firm that represents clients charged with cannabis crimes. Minardi is also the campaign manager for Regulate Florida, an organization with the mission of passing legislation that would legalize cannabis for adult use in the state.

This quarter, NCIA spent $14,500 supporting the following candidates and committees:

  • $1000 each to congressional candidates Jared Golden (D-ME)Denny Heck (D-WA)David Joyce (R-OH), Lou Correa (D-CA), Karen McCormick (D-CO), Steven Horsford (D-NV), and Steve Cohen (D-TN)

  • $1,000 to Senate candidate Kyrsten Sinema (D-AZ)

  • $5,000 to the New Democrat Coalition PAC

  • $1,000 to the Colorado Democratic Party

  • $500 to Democrat Jena Griswold, who is running for Secretary of State in Colorado

According to newly released lobbying disclosures, NCIA spent $60,000 on lobbying between July 1st and September 30th. The group hired Federal Advocates Inc., to lobby the White House, Senate, House of Representatives, Department of Justice and the Drug Enforcement Administration on issues related to “Potential enforcement activities in regard to the legalized cannabis industry.”

NCIA Nearly Doubles Funds

Author: abizcannabis

Managing Director & CEO of integrated transactional financial advisory, tax, and technology consulting firm - aBIZinaBOX Inc New York, Chicago, and OaklandCPA.CITP.CISM.CGEIT.CGMAExpertise with: Alt. Investments/Private Equity, Real Estate, Professional Services, CA Cannabis, Tech Start-Ups and Distressed Assets/DebtTechnology Certifications including:Advanced & High Complexity Cloud Integrator AICPA PCPS, CAQ,, IMTA, CITP ISACA CGEIT, CISMState CPA Societies in California, Florida, Illinois, New York and TexasExpertise with Regulatory Compliance - US - HIPAA, FINRA, SEC Rule 17(a)(3)/(4), eDiscovery, FINCEN - EU- EBA, ESMA, EIOPA UK - BoE, PRA, FCA