Risk management within the cannabis industry: Building a framework for the cannabis industry

Thirty states and the District of Columbia have legalized the use of cannabis for medicinal and/or recreational use by either formally or informally de‐criminalizing its use. However, cannabis remains a Schedule 1 drug under the Federal Controlled Substances Act (21 U.S.C. Sections 801 through 812), leaving federal law in conflict with the laws of over half of the states. As a result, market participants in legal cannabis businesses face risks due to the industry's unique legal status within the United States. We examine the risks and challenges deemed by the cannabis industry as the top risks facing the industry's continued future growth and its sustainability. In addition to general risks inherent in a nascent industry, a legal cannabis business faces additional risks, such as risks in its banking and finance activity, placement of insurance, payment of taxes, and managing its supply chain. These legal businesses also face true legal risk from the possibility of being shut down by the federal government and seizure of assets and product under the CSA. This paper also examines whether the cannabis industry would benefit from a futures market to mitigate price risk.     

Some results in time series analysis

Abstract

In a recent publication (ref. 11) the author developed statistical tests for discriminating between certain types of hypotheses involved in time series analysis. Since the results were intended to be of at least as much practical as theoretical interest they were presented in a direct expository manner rather than as theorems. This was almost necessitated by the border nature of the subject. However, a connected logical presentation has much to recommend it, and the present article is an attempt in this direction. The original material has been considerably revised and extended, although much of the extension is little more than the formulation of that which was before implicit. It is hoped, however, that the article contains sufficient new matter to justify its independent existence.     

Certain nonlinear models of population and epidenmic theory

Summary

Certain properties are considered of those models describing the distribution with time of persons or things among different states (e. g. in an epidemio· model we have the states of susceptibility, infection, death and immunity) for which the transition probabilities depend only upon the numbers in the different states. Special attention is paid to Feller's logistic population model and Bartlett's infection moqeI as being representative of the nonlinear type of scheme. The main results are the different series solutions for the moments given by equations (2.8), (3.9) and (3.12).     

Listen carefully: transgender voices in the workplace

Abstract

We find that only 17% of FTSE 100 company websites refer directly to transgender (‘trans’) individuals, illustrating the extent to which trans voices are unheard in the workplace. We propose that these voices are missing for a number of reasons: voluntary silence to protect oneself from adverse circumstances; the subsumption of trans voices within the larger ‘LGBT’ community; assimilation, wherein many trans voices become affiliated with those of their post-transition gender; multiple trans voices arising from diversity within the transgender community; and limited access to voice mechanisms for transgender employees. We identify the negative implications of being unheard for individual trans employees, for organizational outcomes, and for business and management scholarship, and propose ways in which organizations can listen more carefully to trans voices. Finally, we introduce an agenda for future research that tests the applicability of the theoretical framework of invisible stigma disclosure to transgender individuals, and calls for new theoretical and empirical developments to identify HRM challenges and best practices for respecting trans employees and their choices to remain silent or be heard.     

MANAGEMENT BY PANACEA: ACCOUNTING FOR TRANSIENCE

The cyclical nature of much consultant-led activity designed to improve managerial effectiveness is explored through three consultant-driven approaches to organizational improvement - management by objectives, organization development and total quality management. Such packaged programmes seem to proceed through phases of high enthusiasm and much activity followed by a period of disillusionment, to be replaced by the next stage panacea. an attempt is made to offer some explanation of the transitory nature of much managerial activity which is believed to lie fundamentally in cultural and psychodynamic phenomena. Such an analysis may provide some clues to the search for remedial steps which might be taken to find more enduring ways to bring about increased managerial effectiveness in organizations, although by the very nature of our diagnosis we remain pessimistic.     

‘I could be dead for two weeks and my boss would never know’: telework and the politics of representation

This article presents data from a qualitative study of teleworking consultants in a European firm. We examine the ‘gap’ between the utopian visions produced by the consultants for the benefit of clients and the tales of isolation, disconnection, disaffection and cynicism we observed when clients were not present. The study highlights the power and politics involved in the diffusion of popular images of technology‐enabled flexibility.     

The impact of a STEM-based entrepreneurship program on the entrepreneurial intention of secondary school female students

Despite dedicated effort and research in the last two decades, the entrepreneurship field is still limited by little evidence-based knowledge of the impacts of entrepreneurship programs on the entrepreneurial intention of students in pre-university levels of study. Further, gender equity continues to be an issue in the entrepreneurial sector, particularly in STEM-focused entrepreneurship. In this context, this study was designed to explore the effects of a one-day female-focused STEM-based entrepreneurship program (for brevity, we call it the OzGirlsEntrepreneurship program) on the entrepreneurial intention of secondary school female students. The study collected data from two surveys completed by 193 secondary school female students, aged 14–16 years, who participated in the OzGirlsEntrepreneurship program. This program encouraged girls to develop and implement creative computational solutions to socially relevant problems, with an Internet of Things (IoT) component using the micro:bit device. The findings reveal that a key factor in the development of entrepreneurial attitudes in young female students is associated with soft-skills development, particularly in the areas of creative thinking, risk-taking, problem-solving, and leadership development. The importance of meaningful human connections, including positive role modelling and peer to peer learning were also important factors in fostering entrepreneurial intent. With these factors in mind, our findings highlight that the OzGirlsEntrepreneurship program substantially increased the entrepreneurial intention of secondary school female students. In addition, this study offers actionable implications and recommendations to develop and deliver entrepreneurship education programs for secondary school level students.

     

Ethnomethodology and the production of history: studying ‘history-in-action’

According to Lynch, in his article Ethnomethodology and History, ethnomethodology offers a rich and valuable resource for studying the in situ production of history. In this article, we seek to lay out a research agenda for a ‘new business history’ that uses ethnomethodology to study ‘history-in-action’. Our aim is to show how an ethnomethodological history can be used to study the practical work of those tasked with ‘making history’. We discuss the value of ethnomethodology for core business history methods, including the production and use of historical archives and written records, the treatment of witness memories, (auto)-biographies and testimonies, and the production of official versions of past events from diverse historical sources of evidence. We conclude by outlining the potential of ethnomethodology as a distinct paradigm of enquiry, which marks it out from conventional social scientific approaches to the relationship between empirical evidence and theory-building, by discussing: (1) the value of studying the practical reasoning procedures used for generating and interpreting historical evidence; and (2) the value of opening up new forms of reflective practice for practitioners within the field.     

The gender division of labour in early modern England

This article presents new evidence of gendered work patterns in the pre-industrial economy, providing an overview of women's work in early modern England. Evidence of 4,300 work tasks undertaken by particular women and men was collected from three types of court documents (coroners’ reports, church court depositions, and quarter sessions examinations) from five counties in south-western England (Cornwall, Devon, Hampshire, Somerset, and Wiltshire) between 1500 and 1700. The findings show that women participated in all the main areas of the economy. However, different patterns of gendered work were identified in different parts of the economy: craft work showed a sharp division of labour and agriculture a flexible division of labour, while differences of gender were less pronounced in everyday commerce. Quantitative evidence of early modern housework and care work in England indicates that such work used less time and was less family-based than is often assumed. Comparisons with gendered work patterns in early modern Germany and Sweden are drawn and show strong similarities to England. In conclusion it is argued that the gender division of labour cannot be explained by a single factor, as different influences were at play in different parts of the economy.