Cannabis is a nascent industry facing a number of legal, regulatory, and commercial uncertainties. This program reviews the issues facing the industry, and discusses a series of shareholder lawsuits that have attempted to leverage these uncertainties into claims against publicly-traded cannabis-related corporations for violations of securities laws. We will discuss the types of public statements that have been targeted, defenses to such claims, the current trend of this litigation, and proactive steps that can reduce the risk of such lawsuits.