Industry Brief: Legal Risk and Opportunity in the Cannabis Industry

In brief: The nascent cannabis industry represents potential opportunities for directors looking to expand their board profiles, but there are also inherent and unique risks due to the developing legality of this industry. This joint brief with Baker McKenzie focuses on key aspects directors need to know about the cannabis industry, including what is currently legal at the federal and state levels, where cannabis is legal, and risks to consider before joining the board of a cannabis company.

Directors can use this resource to

  • understand the current business landscape of the cannabis industry including the various components, e.g., hemp vs. CBD;
  • identify legal risks at the federal and state levels; and
  • assess the opportunities and risks of joining a cannabis board.

Relevant audiences: directors looking to join a cannabis company’s board, corporate secretaries, C-suite executives