Banking the Unbanked with Jontae James

Minority Money

The cannabis industry has been riddled with stigma; both for its place in society, and how black and brown minorities have become the face of it in the war on drugs. While it’s now legal in the state of California, it is still very much federally illegal. Because of this, so many people from the traditional markets that run on cash, are unable to be financed or backed up by banks or are getting taxed incredibly high.

In this episode, I’m joined by Jontae James, an entrepreneur who started young and dove into the venture capital industry after selling his first company in his mid-twenties. Now as the CEO of NatureTrak, Jontae works with cannabis-related businesses and provides them with risk management and compliance solutions for their everyday business.

If you think you’re bad with money, there might be more to it than just bad planning!

Highlights

>> The legalization of cannabis in California

>> Why banks don’t like cannabis-related business

>> How NatureTrak helps get the unbanked get banked

>> How Jontae’s childhood made him the entrepreneur he is today

Connect with Anjali:

>> Website | www.naturetrak.com

>> LinkedIn | Jontae James

If you loved this episode, you have to listen to these episodes as well:

>> Episode 147: The Impact of Money with Anjali Jariwala

>> Episode 107: The Blueprint for Financial Decision Making with Meg Bartelt

>> Episode 99: What Does it take to Build a Mission-Driven Business? with Brian Thompson

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