Cannabis companies have more freedom to choose their resources and even their bank than ever before, but there is an often-forgotten vulnerability that could affect the personal assets of the owners--civil litigation. Sometimes when a [...]
California Insurance Commissioner Ricardo Lara and his working group are writing a how-to guide for other states on how to regulate insurance for the cannabis industry. Lara is the state insurance commissioner, which means he [...]
Leaders in the insurance industry are largely still hesitant to work with cannabis-related businesses, although a few big names have thrown their hats into the ring. Aon and Berkshire Hathaway are two large insurance providers, [...]
A new year brings new opportunities, and cannabis businesses have much to look forward to in 2020 (plus a few changes to look out for). A major cannabis banking bill that made leaps of progress [...]
A snowstorm wiped out 20,000 plants in Colorado this month, causing millions in losses for a huge outdoor farm in Pueblo. Los Sueños Farms is the largest cannabis producer in Colorado and was just about [...]
Cannabis-related businesses can’t just get by with a basic business liability policy, whether you’re a farmer, a dispensary, a distributor or somewhere else along the seed-to-sale journey. When shopping for insurance policies, cannabis-related businesses often [...]
From cannabis farm to processor to packager to distributor to dispensary to consumer, there are many points along the supply chain. But no matter where your business is in that chain, you face significant risk [...]
Another federal, bipartisan bill has entered the arena to bring insurance access to more cannabis-related businesses, joining several others that cover other aspects of the industry, but it remains to be seen what will actually [...]
The insurance industry has few options for cannabis-related businesses due to federal prohibition, even though these businesses have a strong need for insurance protection, and Congress now looks like it’s planning to do something about [...]
Cannabis has gone from completely illegal to somewhat permissible to a fully regulated industry in many states. Much has changed, but a few myths persist about cannabis business insurance. These are the top 3 insurance [...]
