
Risk in Focus :: Cannabis Q2 2023
May 11, 2023
Companies that legally grow, process and sell cannabis products share many of the same business risks with companies engaged in other agricultural commodities and consumer products. But cannabis companies also confront unique risks and challenges due to federal legality issues, popular sentiment about their product and the evolution of their relatively new industry.
In this paper, we’ll explore three significant risks currently facing cannabis business leaders. We’ll also present some suggested steps and best practices they can consider that can help avoid those risks or minimize their impact in order to maintain the value of their assets, maximize profits and minimize losses.
The risks and challenges discussed below are:
- Executive liability in decision making
- Limited access to capital to evolve the business
- Loss exposure due to property undervaluation
Insurance-based risk transfer strategies are just one set of tools at their disposal.
Learn more in the latest Risk in Focus :: Cannabis report.
The views and opinions expressed within are those of the author(s) and do not necessarily reflect the official policy or position of Parker, Smith & Feek. While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or changed circumstances of any information herein or for the consequences of any reliance placed upon it.
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