Chronic Risk Podcast

Tune in to the NCRMA Chronic Risk Podcast for expertise, updates, and resources from leaders in the cannabis industry.

Chronic Risk Episode 1: Risk Protection with Alex Hearding

Listen to Episode 1 now.

The National Cannabis Risk Management Association (NCRMA) has appointed Alex Hearding, a scientist and cannabis industry veteran, as its first Chief Risk Management Officer. Hearding’s role will include the introduction of a cannabis risk protection model and the development of a suite of educational offerings exclusively for NCRMA members. The first phase of this comprehensive syllabus will include training and certifications in the areas of cannabis occupational health and safety, becoming an internal risk manager, cannabis business failure modes and effects analysis and disaster planning. NCRMA provides a rapidly growing membership with pioneering and innovative risk management and insurance solutions through its expansive list of high-value service partners and offerings. Founded in 2018, the not-for-profit has established itself as the leader in providing cost-effective and comprehensive non-traditional risk management solutions to the non-traditional cannabis market.

Chronic Risk Episode 2: Transform The Expertise And Understanding of The Cannabis Industry with Jessica Velazquez

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Transform the expertise and understanding of the cannabis industry with Jessica Velazquez, President of Indiva Advisors. Indiva’s mission is to transform the expertise and understanding of the evolving cannabis industry into innovative, value-added solutions for their clients, their business partners, and their community. Indiva assisted business owners and c-suite executives in achieving their goals by providing guidance on tax and general business matters. They’ve worked with closely held businesses, as well as publicly-traded multinationals across a variety of industries, including gaming, retail, and manufacturing. Jessica Velazquez is a Certified Public Accountant (CPA) licensed in Illinois & Nevada and Managing Partner of Indiva Advisors LLP. Jessica assists business owners to navigate through unique accounting, tax, and financial industry challenges. She guides c-suite executives to achieve their goals by providing guidance on tax and general business matters. She brings with her a wide array of experience, working with closely-held businesses as well as publicly-traded multinationals, across a variety of industries such as gaming, retail, and manufacturing. Jessica hails from traditional business, having worked for public accounting firms PricewaterhouseCoopers and Ernst & Young, as well as Zappos.com. In 2013, Jessica started her own practice with an emphasis on income tax planning and strategic business consulting for closely held companies. After identifying a gap for qualified professionals in the cannabis industry, she sought advice from state and federal oversight boards and realized that her past experiences gave her the ability to understand the needs of both large and small, and decided to take the leap. Jessica is Indiva Advisors’ main authority in 280E and general tax matters for individuals, partnerships, and corporations. She is responsible for representing clients in federal audit and collection cases and has a wealth of experience with state and local tax matters. She enjoys problem-solving and working with clients to achieve their tax and business goals.

Chronic Risk Episode 3: The Insurance Solution For The Cannabis Industry with David Kennedy

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The Insurance solution for the cannabis industry with David M. Kennedy, Esq. from Purple Risk Insurance Services. Purple Risk’s mission is to provide superior insurance and risk management solutions to current and prospective clients in the legal cannabis industry by coupling tailored seed to sale insurance coverage and risk mitigation services while maintaining enduring relationships with our insurance industry markets. David M. Kennedy, Esq., is an insurance broker and attorney with over fifteen years of experience working with clients in risk management, coverage analysis, litigation, product development, and claims consulting. Passionate about innovation, insurance, and the plant, he launched Purple Risk to bring custom risk solutions to the cannabis industry. Their team of advisors is comprised of a diverse group of innovators with a broad depth of knowledge and experience in risk management, insurance, and legal and compliance counseling to highly-regulated industries including the cannabis industry. The name of the company is inspired by carefully cultivated cannabis with a deep purple hue that is affectionately called “purps”. Renowned for high quality, potent yields known to help a myriad of health conditions from anxiety to insomnia to pain relief, the purple cannabis family includes Indica dominant varieties such as Purple Urkle, GDP, and Purple Kush. Purple Risk is dedicated to cultivating best-in-class cannabis insurance coverage and risk management services for our clients’ unique business needs to help relieve the anxiety of, and exposure to, risks associated with the rapidly growing cannabis industry.

"There is no more neutrality in the world. You either need to be part of the solution or you will be part of the problem." - Eldridge Cleaver

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