Region: Cannabis Business Summit & Expo

Cannabis Business Summit & Expo

JUL. 20-22, 2022
San Francisco, CA
Room: Hall D-9
Session: TH02
Time:
Thursday, December 16
1:30PM - 2:30PM

Transcending the Hustle with ESG: How to Increase Value With a Social Impact Program

The Business of Cannabis


Room: Hall D-9
Session: TH02
Time:
Thursday, December 16
1:30PM - 2:30PM

This session will discuss the increasing commoditization and non-traditional risk exposure associated with the cannabis industry and why integrating an ESG (Environment, Social, and Governance) framework into a corporate strategy can mitigate these unique and emerging challenges. ESG is increasingly popular among non-cannabis industry sectors who are responding to a changing shift in consumer and investor interest toward value-driven companies. However, the cannabis industry has been slow to adopt this trend, especially concerning sustainability and corporate diversity. Data continues to show that company-driven social impact programs lead to higher profitability, higher corporate valuation, less turnover, and lower cost of capital. This session will discuss the social, political, and economic forces driving the trend, its unique implications for the cannabis industry, and how operators can develop effective ESG strategies.

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