9 06, 2019

Could Captive Insurance Be A Solution For Cannabis Businesses?

By |2019-06-04T06:24:06-07:00June 9th, 2019|Industry|0 Comments

Cannabis is a growing billion-dollar industry but the insurance sector only offers a limited range of coverage (when they offer any at all). But what if cannabis companies could band together to create their own [...]

9 05, 2019

How The SAFE Act Would Reduce Risk for Cannabis Businesses

By |2019-05-02T03:22:32-07:00May 9th, 2019|Business, Industry|0 Comments

Cannabis businesses struggling under the weight of a cash-only system may soon see relief as the SAFE Banking Act makes its way through Congressional committees. The most recent version of the SAFE Banking Act was [...]

9 04, 2019

Insurers Remain Cautious About Insuring Marijuana Companies

By |2019-04-04T12:53:56-07:00April 9th, 2019|Industry|0 Comments

Cannabis-related businesses need good insurance policies to operate legally and to protect their assets, but providing that insurance remains challenging, preventing wide participation by carriers. According to a new report from A.M. Best, the only [...]

24 02, 2019

Cannabis Insurance Making Progress In California

By |2019-02-21T11:18:38-07:00February 24th, 2019|Industry|0 Comments

There is much buzz around the cannabis industry as it continues to grow (and bring in millions in tax dollars). The federal prohibition keeps cannabis-related businesses from accessing resources that legitimate businesses usually have access [...]

2 12, 2015

LLoyd’s of London End Marijuana Insurance Services

By |2018-09-27T08:45:30-07:00December 2nd, 2015|Industry|0 Comments

Insurance giant Lloyd’s of London is no longer providing insurance for businesses operating in the cannabis industry. While the comprehensive possession and use of medical marijuana is legal in 23 American states and in Washington [...]

23 11, 2015

Marijuana’s Legal Status Cannot be Used to Deny Insurance Coverage

By |2018-09-27T08:45:30-07:00November 23rd, 2015|Industry|0 Comments

Although the use of marijuana is still an offense under federal law, the capital of the U.S. and 23 U.S. states have passed laws that allow residents to use cannabis and its derived products for [...]