National Cannabis Industry Association

Organization Overview

National Cannabis Industry Association is located in Washington, DC. The organization was established in 2010. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, National Cannabis Industry Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Cannabis Industry Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, National Cannabis Industry Association generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

REPRESENT THE INTERESTS OF ALL LEGALLY RECOGNIZED CANNABIS INDUSTRY BUSINESSES WITH RESPECT TO FEDERAL LEGISLATION AND REGULATION MATTERS, AND PROMOTE INDUSTRY BEST PRACTICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FEDERAL LOBBYING: NCIA ENGAGES IN DIRECT GOVERNMENT RELATIONS WORK TO RAISE AWARENESS OF THE CANNABIS INDUSTRY S ISSUES AND BUILD SUPPORT IN CONGRESS FOR MARIJUANA POLICY REFORMS THAT BENEFIT THE ADVANCEMENT OF A RESPONSIBLE, REGULATED, AND LEGAL CANNABIS INDUSTRY.


PUBLIC RELATIONS: NCIA WORKS TO EDUCATE THE PUBLIC ON THE POTENTIAL ECONOMIC AND SOCIAL BENEFITS OF LEGALIZING AND REGULATING CANNABIS SALES THROUGHOUT THE US. THIS IS ACCOMPLISHED PRIMARILY THROUGH TARGETED MEDIA OUTREACH AND COORDINATED AND TIMELY RESPONSE TO NEWSWORTHY TOPICS.


CONFERENCES: HAVING HOSTED APPROXIMATELY 50 EDUCATIONAL AND NETWORKING EVENTS FOR MEMBERS THROUGHOUT THE US, NCIA FOSTERS INDUSTRY BEST PRACTICES AND WORKS TO BUILD COMMUNITY WITHIN THE INDUSTRY.


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Board, Officers & Key Employees

Name (title)Compensation
Frederick Smith
Executive Director
$0
Khurshid Khoja
Chair
$0
Narbe Alexandrian
Treasurer
$0
Kristopher Krane
Vice Chair
$0
Seun Adedeji
Adedeji
$0
Cody Bass
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Federal Advocates Inc
Government Relations
$255,000
Fusion Span
Software Support And Consulting
$254,708
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,536,160
Fundraising events$0
Related organizations$0
Government grants $231,825
All other contributions, gifts, grants, and similar amounts not included above$16,707
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,784,692
Total Program Service Revenue$5,300
Investment income $32
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,905,425

Grants Recieved

Over the last fiscal year, we have identified 2 grants that National Cannabis Industry Association has recieved totaling $10,000.

Awarding OrganizationAmount
Marijuana Policy Project Foundation

Washington, DC

PURPOSE: THE GRANT WAS TO PROVIDE SUPPORT FOR AN ORGANIZATION THAT HAS GOALS THAT ALIGN WITH THE MPP FOUNDATION

$10,000
Marijuana Policy Project

Washington, DC

PURPOSE: THE GRANT WAS TO PROVIDE SUPPORT FOR AN ORGANIZATION THAT HAS GOALS THAT ALIGN WITH MPP'S AREAS OF INTEREST AND MISSION.GRANTEES BEFORE/DURING THEIR GRANT PERIODS, WITH THE UNDERSTANDING THAT THE GRANTEES AREN'T PSEUDO EMPLOYEES BUT RATHER AUTONOMOUS ORGANIZATIONS AND INDIVIDUALS.

$0
View Grant Recipient Profile

Endowment Analysis

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