Sheba Statham

Managing Director Antitrust, Compliance and Trade Regulation
Brief info

In 2019, the opportunity to partake as a cannabis regulatory compliance professional in a legal action that is the first of its kind in the cannabis industry was a proceeding, I wanted to be involved in. This process is referred to as a “Receivership Action”. The Receivership is a means of allowing a cannabis entity to resolve operational, financial, or general organizational issues and resume business. It’s a state level resolution to allow a marijuana establishment from becoming bankrupt. Due to marijuana not being federally recognized, it is a viable solution for the status of the marijuana industry.

In December 2017, I became part of private industry as Director of Nevada Risk Management of Terra Tech Corp. Prior to joining Terra Tech Corp., I worked for State of Nevada as an Auditor II from 2015 to 2017. I began as a State of Nevada Auditor for a newly regulated market. While working for the State of Nevada, I gained invaluable insight into the regulatory requirements of a newly regulated industry while forging professional and exceptional relationships with other government authority officials, industry leaders and business owners.

My previous work experience includes accounting, auditing, finance, information technology and consulting. I have over twenty years of experience working in multiple industries for Fortune 500 organizations and has been responsible for financial management, change management, systems implementation, audit engagement management, consulting services, and regulatory compliance.

I am an East Coast native (originally from Connecticut) relocated to Nevada to participate in the newly regulated industry. Although it was a life-changing decision for me, being that I am of African American, Native-American, and Caribbean decent, my family, friends and support system were perplexed and proud of the decision to take on this new endeavor. The impetus for the decision was my greater than three-decade experience witnessing the advantages and disadvantages of an underserved urban communities. As a consequence, I have been committed to ensuring social equity, availability of highest quality products, and compliance with local and state industry regulations. For someone like myself there was no better way to create systemic change than by being a part of the system and seeking to understand and change the system to be a positive contributor in the lives of people like myself. After a period of working directly in the governmental area of the system, I then realized that I had as much to contribute to the development and awakening of the nascent industry. At which point I moved to the private sector of the marketplace to help it move the needle for women like me.

I hold a B.S. in Business Administration from Boston University, an M.S. in Accounting from University of Hartford, and an M.S. in Information Technology Management from Rensselaar Polytechnic Institute.

Trust You Can C.