Your penis skin appears dark on the undersurface. It is normal for every male to have a darkened line on the undersurface of the shaft of the penis. Additionally, hair is only present on the proximal part of the penis and your darkened area goes all the way to the end of...
There is no evidence at all to show that laser hair removal causes cancer. You should have no hesitation with having it done on any area of the body.
Since the follicles are transplanted in this process, it is the perfect choice to re-establish hair growth in the beard area after LHR. You might try PRP and ACell to see if you can stimulate dormant hair follicles to produce hair.