Nabis, a California-based cannabis wholesale platform, is partnering with Equity Trade Network, a California organization focused on promoting cannabis operators from and in communities marginalized by the war on drugs.
The collaboration between Nabis and Equity Trade Network will help ease brands’ entrance into the California market while also adding scalability without additional costs, according to a release. Additionally, the partnership will aim to eliminate barriers for BIPOC, LGBTQ and veteran-led cannabis brands to help them get shelf space in California dispensaries.
“Logistics continue to serve as a bottleneck for brands, especially for small business owners who lack access to private capital and other financial resources,” said Jun S. Lee, co-founder and co-CEO of Nabis. “With our extensive fulfillment footprint and wealth of data insights, Nabis can help Equity Trade Network businesses focus on vital efforts, like brand innovation, without getting bogged down by distribution challenges. Our goal is to make logistics turnkey for Equity Trade Network companies.”
Equity Trade Network also offers certification marks for businesses with at least 50% ownership stake of people impacted by limited access and opportunities. Certified brands include California Rolls, Cloud 9, Dolo Rolling Co, Elefante, Headstash, KGB Reserve, SF Roots, and more.
“When people buy these brands, they are supporting reinvestment into local communities and businesses, and voting with their dollars,” said Ramon Garcia, co-founder of Equity Trade Network. “This collaboration puts wind under the sails of so many outstanding and driven entrepreneurs from marginalized communities who still struggle due to failed policies that have stifled growth and success for too long.”