Würk with CEO Scott Kenyon

Würk

Würk with CEO Scott Kenyon today on Blunt Business With Jorge Hermida only on The Cannabis Radio. Our next guest brings nearly 14 years in senior managerial positions at Dell and as COO of mobile device screen company Phunware Inc. Today, he leads the first and leading Human Capital Management (HCM) company serving the cannabis industry.

Würk allows cannabis companies to manage payroll, human resources, timekeeping, scheduling, and tax compliance and minimizes compliance risks in the ever-changing cannabis regulatory environment. His company currently works with 80% of the major multi-state operators in the U.S. Denver Business Journal posted a glowing testimonial in April of last year. “We are seeing an increase in capital flows to the ancillary areas of cannabis, which are essential tools for scaling a multibillion-dollar industry,” said Morgan Paxhia, co-founder and Managing Director of Poseidon Asset Management, in a statement.

“Würk has done a phenomenal job working with a range of operators in our space, from smaller, newer companies up to the largest MSOs, to increase operating efficiencies and minimize compliance risks.” The Conference of State Bank Supervisors (CSBS), a national organization of bank regulators from all 50 states, has now weighed in on the ongoing banking issue surrounding cannabis, sending letters to both the United States House of Representatives and the Senate, stressing the importance of providing safe harbor for financial institutions offering financial products and services to cannabis or cannabis ancillary businesses under the proposed Secure and Fair Enforcement (SAFE) Banking Act. On June 23, Leafly reported that US Representatives Troy A. Carter, Sr. (D-LA) and Guy Reschenthaler (R-PA) introduced the Capital Lending and Investment for Marijuana Businesses (CLIMB) Act.

If signed into law, the bill would enable cannabis businesses to access a wide array of banking services, from lending to credit card services and money transfers. It would also allow the New York Stock Exchange, Nasdaq, and other national securities exchanges to list cannabis businesses, providing them with a new avenue to generate capital and grow. The bill’s sponsors intend to provide targeted financial relief to small businesses, and businesses run by veterans and members of disenfranchised communities.