Recreational cannabis will be legal in Canada in less than a week. The next step for cannabis companies is to protect their investment by maintaining their license and reputation through good governance practices.
As the general population adapts to new norms surrounding a controversial industry, cannabis insiders should be taking pre-emptive measures to gain and maintain Canadians’ confidence that a legal cannabis industry will be a net benefit to society. Going above and beyond in terms of good corporate governance will help to elevate the industry’s standing when it comes to credibility and accountability. Proper governance will also alleviate the government’s need to micro manage the industry on a continuous basis.
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Shelley Albert, Director, AG Governance Consultants