Which of the following would be considered not a stakeholder in a commercial cannabis business?

In the context of a commercial cannabis business, stakeholders are individuals or groups that have an interest or concern in the organization and can affect or be affected by its operations. Investors, employees, and suppliers all have a direct stake in the success and functioning of the business. They contribute in various ways—investors provide capital, employees contribute labor and expertise, and suppliers provide the necessary materials or services.

A regulating body, while it plays a crucial role in the industry by ensuring compliance with laws and regulations, does not have a direct financial or operational interest in the business itself. Rather, it functions as an external entity that sets guidelines and standards. This distinction helps to clarify why the regulating body is not considered a stakeholder in the same way that investors, employees, and suppliers are; they are not part of the organization’s internal operations or objectives but rather act as overseers of compliance and regulation.