Medical marijuana has been made legal in Missouri and, as a result, companies seeking to produce and market it are popping up all over the state.
I've had preliminary talks with one of these companies to design and conduct product improvement studies. So, far, we have not reached an agreement on whether or when these studies will occur.
Now, the founder of the company with which I have been in talks has asked me to be on his company's advisory board. Given marijuana's pharmacological properties, someone like me with a PhD in molecular pharmacology, graduate work in applied stats, and research and consulting experience seems to me to be a good choice for an advisory board for this type of business from a purely scientific standpoint.
However, I have not been part of advisory boards previously so I'm ill prepared to give him an answer.
My question(s) to all of you: What are the ethical and other implications of participating in advisory boards? Have any of you had experience with advisory boards? Does it conflict ethically with our professional obligation to provide unbiased recommendations? Did you get paid for your work? How did you clarify what you could and couldn't (or wouldn't) participate in or perform on behalf of the advisory board? What other considerations should I keep in mind that, due to my lack of experience with advisory boards, haven't even occurred to me? Of these, the ethical considerations rank highest in my concern followed by legal implications. I'm definitely going to talk to my lawyer and have my errors and omissions insurance agent review my policy with regards to this.
Thanks in advance for your advice. I appreciate it.
Linda
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Linda A. Landon, PhD, ELS, PRC
Research Communiqué
Business, Marketing, & Policy Research
www.researchcommunique.comLandonPhD@ResearchCommunique.com573-797-4517
PhD, Molecular Pharmacology
Graduate Certificate, Applied Statistics
Board-Certified Editor in the Life Sciences
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