The cannabis market continues to buck trends seen across many other industries with its impressive growth projections. According to Forbes, the US marijuana market will nearly double in value between now and 2026 from [...]
As the legal marijuana industry in the US continues to mature, it’s becoming painfully obvious that cannabusiness’ access to adequate, tailored insurance coverage is sorely lacking. The industry’s impressive growth and the prospect of new [...]
In 2020, Alaska became the first state to allow for cannabis consumption lounges but until recently most progress in this regard took place at the local level in cities and municipalities such as Denver and [...]
Though the legal cannabis industry in the US continues to grow as more and more states legalize marijuana sales, it still has to contend with a thriving illicit market. As a valuable and lightweight product, [...]
Every industry faces risks. That’s the accepted consequence of trying to turn a profit. For businesses in the cannabis industry though, many of these risks are perhaps especially pronounced due to difficulty in obtaining adequate [...]
The marijuana industry is a risky one to enter thanks, in no small part, to federal cannabis prohibition. The plant’s federally controlled status presents challenges that most traditional businesses needn’t worry about, especially with regards [...]
The US District Court in Oregon sided with a homeowner in a dispute with an insurance company over whether their policy covered fire damage arising from the manufacture of a cannabis salve containing hemp-derived CBD. [...]
A prominent business consultancy firm has launched one of the country’s first certification programs for insurance professionals working in the cannabis industry. The Cannabis Insurance Coverage Specialist (CICS) program is run by the National Underwriter [...]
With the federal government considering the end of prohibition as we know it, the insurance market is quickly getting ready for a major increase in services and sales to the already-booming, nearly $18-billion-per-year cannabis industry. [...]
Over $70 billion -- that’s what a recent report is predicting will be the size of the regulated cannabis market globally by 2028. Although still a federally scheduled and prohibited substance, cannabis is legal for [...]
