Session 310

When the Smoke Clears: The Emergence of the Cannabis Industry

Track Q

Date: Monday, October 5, 2015

Track X

Time: 15:15 – 16:15

Showcase Panel

Room: Governor's Square 11


Session Co-Chairs:

  • Josh Keller, Nanyang Technological University

    photo of Josh Keller

    Josh Keller is an Assistant Professor of Strategy, Management and Organization at the Nanyang Business School in Singapore. His primary research is in the study of cultural dynamics at the organizational, industry and societal levels. He is currently studying cultural change in the US cannabis industry. He has published in several leading Management journals, including Organization Science, Organizational Behavior and Human Decision Processes, and Management and Organization Review. He has PhD in Management from the University of Texas-Austin.


  • Paul Seaborn, University of Denver

    photo of Paul Seaborn

    Paul Seaborn is an Assistant Professor of Management at the Daniels College of Business, University of Denver. His research interests include non-market strategy/corporate political activity and information intermediaries (rating/ranking/certification organizations). He is currently studying both political activity and identity/reputation in the US cannabis industry and has published a case on the industry, Medical Marijuana Industry Group: Outdoor Advertising in Denver, in Case Research Journal. He has a PhD in Strategic Management from the Rotman School of Management, University of Toronto.


  • Xin Yao, University of Colorado-Boulder

    photo of Xin Yao

    Xin “Eva” Yao is Assistant Professor of Management and Entrepreneurship at the Leeds School of Business, University of Colorado-Boulder. Her research interests include venture capital investment decisions, entrepreneur motivation and behaviors, and cross-cultural differences. Most recently, Eva Yao’s work examines venture capital investment in clean energy sectors, and entrepreneurs’ networking cognition and strategies. She has published in journals such as the Academy of Management Journal, Organization Science, Journal of Applied Psychology, and Entrepreneurship Theory and Practice.


Panelists:

How industries emerge and the role of different stakeholder groups within an industry in its emergence have long been important topics in the strategic management literature. The interaction among entrepreneurs, industry associations, governmental entities, and nonprofit organizations representing additional public and private interests contribute to the evolution of a young industry. The recent emergence of the cannabis industry within the U.S. presents a rare occasion for scholars to witness in real time the evolving challenges faced by all parties involved in a new industry. Moreover, as an industry that was completely illegal until 1996, legal only for medical purposes until 2012, and currently legal for both medical and recreational use in only four states, attempts to legitimize the industry have intensified amidst a confluence of regulatory, normative, and cognitive obstacles and uncertainties. As one of the first two states to legalize recreational cannabis in 2012 and a state that has been used as a model for subsequent legalization efforts, Colorado is an ideal location for understanding the emergence of the cannabis industry. In this Showcase Symposium, we bring together representatives of different stakeholder groups—including the state government, the entrepreneur, and the citizen activists—to engage in a discussion about the current state of affairs of the cannabis industry in Colorado and beyond and about the future of this industry from different stakeholder perspectives. We also invite a senior scholar to comment on the dynamics of the emerging cannabis industry and suggest interesting and rewarding research directions related to this unique study context.

All Sessions in Track Q...

Sun: 13:45 – 14:30
Session 307: Lifetime Achievement Award Recipient
Sun: 14:45 – 15:45
Session 7: New Frontiers in Technologies, Fields, and Business Models: Implications for Academic and Practice Knowledge Creation
Mon: 09:45 – 11:00
Session 8: Elevating our Understanding of Organizational Performance: Bridging the Frontiers of Business and Corporate Strategies
Mon: 15:15 – 16:15
Session 227: Mergers, Acquisitions and Divestitures: Reconfiguring Resource Bases for Value Creation and Growth
Session 308: Strategy Beyond the Firm: Creating and Capturing Value from External Resources
Session 310: When the Smoke Clears: The Emergence of the Cannabis Industry
Session 311: Theory Fragmentation in Strategic Management?
Session 312: Climate Change: Why and How Should Strategic Management Care?
Tue: 09:45 – 10:45
Session 9: Whatever Happened to Theory in Strategic Management?

All Sessions in Track X...

Sun: 08:00 – 09:15
Session 74: Open Strategy Workshops: Lessons Learned from Practising Strategizing
Sun: 09:45 – 11:00
Session 29: The Elephant in the Room: How public policy and institutions help drive innovation, entrepreneurship, and firm performance
Session 76: The evolution of the strategy as a profession and the field of strategy
Sun: 11:15 – 12:30
Session 12: Environmental Entrepreneurship: How and When do Entrepreneurs address Environmental Degradation?
Session 38: Big Game Hunting: Accessing and Interacting with Senior Executives for Empirical Research
Sun: 13:45 – 14:30
Session 307: Lifetime Achievement Award Recipient
Sun: 14:45 – 15:45
Session 7: New Frontiers in Technologies, Fields, and Business Models: Implications for Academic and Practice Knowledge Creation
Sun: 16:15 – 17:30
Session 61: The Institutional Level of Strategizing Activities
Session 261: Knowledge Creation and Sharing in Virtual Communities
Mon: 08:00 – 09:15
Session 72: External Influences: Audiences and Media
Session 126: Entry Mode & Cross-Border Acquisitions
Session 140: New Perspectives on the Outside Director Selection Process
Mon: 09:45 – 11:00
Session 8: Elevating our Understanding of Organizational Performance: Bridging the Frontiers of Business and Corporate Strategies
Mon: 11:15 – 12:30
Session 149: Management and Coordination of Multinationals
Session 220: Perspectives on CEO Compensation
Mon: 13:45 – 15:00
Session 16: Human Capital and Innovation
Session 37: Political Ties: Knots or Bows?
Session 63: Political and Material Aspects of Strategy Making
Session 97: Accelerators, corporate VCs and new venture creation
Session 258: Explainng CSR: External Factors
Mon: 15:15 – 16:15
Session 227: Mergers, Acquisitions and Divestitures: Reconfiguring Resource Bases for Value Creation and Growth
Session 308: Strategy Beyond the Firm: Creating and Capturing Value from External Resources
Session 310: When the Smoke Clears: The Emergence of the Cannabis Industry
Session 311: Theory Fragmentation in Strategic Management?
Session 312: Climate Change: Why and How Should Strategic Management Care?
Mon: 16:45 – 18:00
Session 42: The Word is Out! Stakeholder Responses to Public Signals of Firms' Behaviors
Session 112: Acquisitions - Before the Deal
Tue: 08:00 – 09:15
Session 309: Looking Good and Sounding Better: Impression Management by CEOs
Tue: 09:45 – 10:45
Session 9: Whatever Happened to Theory in Strategic Management?
Tue: 11:00 – 12:15
Session 70: CEO Characteristics: Microfoundations of Behavioral Strategy
Tue: 14:15 – 15:30
Session 116: Acquisitions - After the Deal
Tue: 15:45 – 17:00
Session 52: Entrepreneurial business models
Session 219: A Tough Crowd: Critical Examinations by Owners and Stakeholders
Session 262: Pioneering Knowledge
Tue: 17:30 – 18:45
Session 144: Board Structure: What Works Best?
Session 208: Internationalization Strategies and Performance


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