Winning in the cannabis business involves more than just turning a profit and meeting the minimum regulatory requirements. Good corporate governance is essential for winning in the cannabis space.
Irresponsible use of legal cannabis by a few is inevitable and may result in harm to society. The manner in which cannabis companies respond to such incidents, and their level of participation in resolving those issues will determine the future of the industry in Canada. Transparency, unquestionable accountability, and corporate social responsibility are vital in removing the stigma associated with cannabis and securing the longevity of the industry.
Shelley Albert, Director, AG Governance Consultants