NACC PEP is the nation's first fully vetted and transparent 401(k) solution for legal cannabis businesses. Currently, it is the only fully vetted retirement savings option in the industry.
“Saving for retirement is an important benefit for businesses and their employees,” said NACC Director Jeff Mayhall. “NACC wanted to ensure our members had access to transparent retirement plan solutions to ensure the financial well-being of their employees. We support legal cannabis businesses. We've spent years developing a retirement plan that will.
“Our goal was to open our doors to approximately 500,000 employees who are passionate about saving for retirement,” said Sean, founder and ERISA director of CuraFin Advisors, PEP's 3(38) investment manager.・Mr. West stated. “This solution removes the barriers employees were facing and allows them to start planning for the future.”
Over the past decade, 47 states have legalized some form of medical or recreational marijuana. Due to conflicts between state and federal laws, many financial institutions do not service state-licensed marijuana businesses due to the federal classification of marijuana as a controlled substance.
As a result, these employers and their employees are prevented from accessing bank accounts, securing lines of credit, and securing retirement plans.
