More cannabis dispensaries, farms, and processors get their state license every month for what is becoming a billion dollar industry, but a surprising number of those businesses still struggle to get proper insurance coverage to [...]
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 [...]
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 [...]
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 [...]
The new U.S. Farm Bill brought unexpected good news to the hemp industry at the end of 2018 by opening the door for future regulation that would allow hemp businesses to receive services like insurance [...]
In the fall of 2016, a butane explosion at Higher Level Concentrates, a legal cannabis company in Oregon, shook the marijuana community, brought increased scrutiny from regulators, and sent two workers to the hospital. Luckily [...]
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 [...]
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 [...]
The marijuana industry’s seedy past and current illegality at the federal level have made most insurance companies apprehensive to provide policies to the emerging industry. The resultant landscape has left fast-growing cannabis businesses with very [...]
