The Fiduciary Duty of Cannabis Boards
The cannabis industry has long been entangled with the criminal justice system, an association that has caused numerous injustices over the years. Today, with the legal market for medical marijuana flourishing and gaining increasing acceptance, the responsibility for championing criminal justice reform falls squarely on the shoulders of cannabis boards.
As the sector expands, offering economic opportunities and medical benefits to society, cannabis boards must not neglect the adverse impact of the industry on marginalized communities. A fiduciary duty is a legal responsibility that pertains to actions taken in the best interest of another party. In the context of cannabis boards, fulfilling this obligation calls for a staunch commitment to promoting justice reform.
The Crucial Battle for Justice Reform
The ongoing battle for criminal justice reform is rooted in the historically disproportionate impact of cannabis regulations on people of color and economically disadvantaged communities. Even though the medical marijuana industry is being increasingly seen as legitimate and productive, the war on drugs continues to perpetuate systemic bias and over-policing in certain demographic groups.
In response to this issue, cannabis boards across the world have begun to recognize their role in enacting meaningful change. This is the case for the providers of medical marijuana cards in the United States like MMJ.com, who are committed to making positive contributions to the cause of criminal justice reform.
The Call for Cannabis Boards
In light of substantial societal and economic shifts, cannabis boards now have a unique opportunity to leverage their legal obligations and influence to advocate for true criminal justice reform.
The path forward involves not just compliance with evolving marijuana laws, but also active engagement in initiatives geared towards overhauling unjust legal structures and practices. Cannabis companies must champion procedural fairness, reduction of disparities, and reformation of policing and court practices associated with marijuana-related offences.
Steps to Engage in True Criminal Justice Reform
Decriminalizing and destigmatizing cannabis use in affected communities
Actively participating in policy discussions and lobbying for favorable marijuana legislation
Supporting initiatives that provide education, resources, and opportunities for those impacted by the war on drugs
Promoting transparency in the industry, acknowledging historical inequities, and creating equitable opportunities for minority representation on cannabis boards and in the industry at large
Final Note
While a fiduciary duty historically involves protecting shareholder interests, cannabis boards should extend this responsibility towards serving the broader community. By actively acknowledging and addressing the harmful effects of the war on drugs, cannabis boards can help reshape the narrative of the industry. Their role is crucial in the ongoing effort to advocate for just and fair systems within not only their own enterprise but also in the broader society.