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Cannabis boards have a fiduciary duty to advocate for criminal justice reform

(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.)

Some cannabis stakeholders suggest that licensed operators should advocate for criminal justice reform because it is the “right” thing to do.

Legal interpretations of a director’s fiduciary duty, too, could require cannabis companies to fight for true criminal justice reform.

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According to a 2022 article from the Harvard Law School Forum on Corporate Governance, corporate directors could fail to perform their fiduciary duties if they don’t maximize profits or comply with environmental, social and governance (ESG) requirements.

Cannabis consumers care about reform Amber Lengacher (Contributed photo)

Cannabis consumers care about criminal justice reform and spend their money with companies that have good reputations in supporting those efforts.

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