Ning: Nabis expands interstate via segregated entities to avoid federal law
Vincent Ning · Cannabis Startup Founders David Hua and Vincent Ning on Legalization, Banking, and Industry Trends · Y Combinator · Oct 11, 2018 · at 43:23
Vincent Ning, CEO of cannabis distributor Nabis, explains how cannabis startups navigate federal interstate commerce restrictions when expanding across state lines.
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“Although we're currently in California, we actually have to set up a different legal entity in each state so that we segregate out our business so it's not interstate commerce and, you know, basically expand that way from state to state, and then have, like, a holding company that manages every other child company.”
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