From CBE staff
Colorado-based Amercanex, which touts itself as the first ECM (Electronic Cannabis Marketplace) for the wholesale Cannabis Industry, last week announced a partnership with ADP, a global provider of payroll services, employee benefits administration, and human capital management solutions for businesses of all sizes.
Although primarily known as a provider of payroll services, ADP has been pushing into other business services in recent years, and they note on their website that the company “negotiates partnerships with best-of-breed organizations to bring added value to our joint clients and to increase operating efficiencies. ADP’s Channel Alliance program partners with various types of companies to best address the needs of specific industries. Each partnership is created for synergy, value and new levels of success.”
Amercanex announced the ADP partnership in a press release last week where they said, in part:
We strive to set Amercanex as an industry leader providing solutions to our clients and the Cannabis Industry. Our partnership with ADP will bring services to the Cannabis Industry that were previously unavailable to this market.
ADP is our exclusive partner for back office management and HR compliance. ADP will be helping keep companies in the Amercanex marketplace compliant with state and federal labor laws. ADP offers a wide range of human resources services, payroll, talent management, tax and benefits administration solutions from a single source. They will help client comply with regulatory and legislative changes, such as the U.S. Affordable Care Act.
In addition, ADP is able to provide health insurance, retirement plans (401k and IRA), HR services including background checks and employee handbooks, payroll processing, and more. If you have interest in any of these products please reach out to ADP. Because of our partnership, Amercanex clients will be able to take advantage of exclusive promotions and pricing.”
CBE reached out to both Amercanex and ADP for further comment on the partnership announcement, but Amercanex CEO Dr. Steve Janjic wasn’t immediately available, and neither ADP Associate General Counsel David Kwon or Senior Director of Corporate Communications Dick Wolfe could offer any additional specifics on the announcement.
CBE will continue to seek additional details on the Amercanex-ADP partnership as they become available.