Bloomberg report on this interesting development over the past few weeks. It is great to see two women get the roles as well, we may well get some common sense and a decline in C-Suite stupidity going into 2021, wouldn’t that be nice !
A pair of in-house lawyers with high hopes for legal cannabis products are moving up in the C-suite, while a longtime health and fitness industry legal chief has found a home in the legal weed space.
Leafly Holdings Inc., the world’s largest cannabis website, announced Tuesday its promotion of Yoko Miyashita to replace J. Timothy Leslie as CEO.
LBJ Future Forum] Legalizing Marijuana: What are the economic, social, and cultural impacts? 2019 Featuring Miyashita on the panel
Miyashita’s elevation came a week after Province Brands of Canada, an agricultural and beverage technology startup that claims to have created a way to make beer from any plant, including cannabis and hemp, promoted chief legal officer Jennifer Dianne Thomas to the company’s top executive position.
The new CEOs take over as cannabis companies seek increased acceptance amid a turbulent regulatory and economic environment.
“Cannabis is America’s newest essential business,” Miyashita said in a statement.
Still, Leafly faces headwinds in its effort to become a leading portal for marijuana information and news. And Province Brands’ plan to disrupt the twin vices of alcohol and marijuana consumption has had its critics.
Other companies like Clever Leaves International Inc., which claims to be the world’s largest hemp and pharmaceutical cannabis producer, are hiring lawyers with public company expertise.
David Kastin, a former general counsel at the Vitamin Shoppe Inc. and gym chain owner Town Sports International Holdings Inc., was announced Wednesday as Clever Leaves’ new top lawyer. The New York-based company agreed to merge in late July with a special purpose acquisition vehicle that plans to make Clever Leaves one of only a few pot stocks to trade on the Nasdaq.