Vertically-integrated CEA cannabis company Glass House Brands, one of the fastest growing cannabis companies in the U.S., has bolstered its board’s political clout with former California Assembly Speaker John A. Pérez as the newest member of the Company’s Board of Directors. Leading cannabis industry attorney Robert Hoban, who served as a director for the California-based company since June 2021, stepped down from his role on the board effective October 31, 2023. The company is well known to CEA and cannabis industry followers, most recently for its expansion with a 5.5 million-square-foot Southern California greenhouse retrofit in Camarillo, California.
“We’re thrilled to have John join the board to help drive strategic initiatives which will benefit our shareholders and customers, as well as to aid in navigating this rapidly developing industry,” stated Kyle Kazan, co-founder, chairman and CEO of Glass House. “The breadth and depth of accomplishment that John has packed into his 30-plus years of service to the citizens of the state of California is astonishing … We feel fortunate to have John on our team as we strive to fully utilize the immense potential of our large and expanding vertically integrated California-focused company.”
Regarding Hoban’s departure, Kazan added, “We also thank Bob for his service on the Glass House board and his valuable contributions to our remarkable growth over the past few years. We have leaned heavily on his legal expertise and knowledge of the cannabis industry during his tenure and his presence on the Board will be missed.”
Pérez brings board political, legislative expertise
Pérez brings a wealth of legislative and political experience to Glass House. As founder and principal of Double Nickel Advisors for the past eight years, he has built a strategic consulting firm that provides advice to leaders across a myriad of industries on complex public affairs and legislative concerns. Perez served as California’s 68th Speaker of the Assembly from 2010 to 2014. In 2014, he was appointed by then-California Governor Jerry Brown to serve as a Regent of the University of California, where he remains Chair of the Regents’ Health Services Committee.
During his six-year tenure in the California State Assembly, four of which were spent as the Assembly Speaker, Perez was responsible for the Assembly’s 1,300 employees and $156 million budget, he personally shepherded or authored several groundbreaking programs, including the Veterans Housing and Homeless Prevention Act (also known as Proposition 41), California’s first-in-the-nation carbon cap and trade program, a Middle-Class Scholarship to address affordability and accessibility of higher education and the launch of the California Jobs Budget, a $10 billion dollar private-sector job creation fund.
“I’m excited to have an opportunity to contribute to the continued growth of the company,” said Pérez. “I look forward to working closely with the board and the executive team, leveraging my experience and expertise to help steer the company towards a prosperous future.”
Hoban leaves board due to career transition
After building the Hoban Law Group into one of the top law firms in the global cannabis industry and ultimately selling said firm to Clark Hill to become the head of its Cannabis Industry Group, Hoban says it’s time to scale down.
“My time on the Glass House Board has been enlightening and very productive as we have seen and promoted steady, smart, strategic growth in the face of the many challenges the industry has presented,” Hoban said. “It has been a fabulous experience to work together with the team as the company has progressed from the build-out of its initial 150,000-square-foot greenhouse in Casitas to the current retrofit of the 5.5 million-square-foot SoCal greenhouse farm in Camarillo. The next chapter of Glass House Brands will continue without me, and I am honored and humbled to have been a part of this fantastic organization.”
Images courtesy Glass House Brands, Double Nickel Advisors.