Episode 149

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Published on:

23rd May 2022

Banking the Unbanked with Jontae James

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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About the Podcast

Minority Money
Changing the Complexion of Wealth
The Minority Money Podcast is about finance, family, fitness/health, and education and how all of these things affect your overall wealth.

About your host

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Emlen Miles-Mattingly

Emlen Miles-Mattingly is the CEO and founder of Gen Next Wealth. He spends much of his waking day striving to bring more value to the table for his clients, with the goal of helping them align their money with their values. Ultimately working with clients to make a lifetime of smart decisions with their resources.
With nearly 19 years of experience in the financial services industry, he decided to leave the large corporations and start his own independent firm. It is his passion to keep the client's best interest in mind when making recommendations. Everyday Emlen wakes up knowing he has an opportunity to learn something new and is excited to share what he has discovered with people in need of it. He has a bachelor’s in business administration and is currently enrolled in coursework to obtain the CERTIFIED FINANCIAL PLANNER designation.
Emlen was born and raised in the small town of Madera, CA this is also where the firm is located. He is married to Maricela and they have 4 children Jada, Mia, Emlen II, and Ecella. We have a very active life, we enjoy working out, hiking, craft beer and escaping to the coast whenever possible.