Every company has its security risks, but these are perhaps even more pronounced for cannabis businesses as a result of federal marijuana prohibition. This pushes many marijuana businesses to operate on a cash-only basis, thus [...]
Wildfires are increasing in both intensity and frequency in parts of the US, often in areas best suited for growing marijuana outdoors. A wildfire could spell financial ruin for marijuana farms in particular since so [...]
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 [...]
Cannabis is a billion dollar industry and grows every year as more U.S. states legalize adult use and medical use, but many of the businesses that hold together the industry’s infrastructure are operating without the [...]
New York state recently became the 16th U.S. state/territory to legalize and tax adult-use cannabis. With the passing of Senate Bill S854A, the Marijuana Regulation and Taxation Act has opened the gates to another potential [...]
Some good news came in for the US cannabis industry in April when New York lifted the longtime ban and legalized adult-use cannabis within the state, opening the doors for multi-billion dollar opportunities. That wasn’t [...]
States with adult-use marijuana legalization see fewer and less expensive workers’ compensation claims, according to a new study. The research, published in the National Bureau of Economic Research, reveals the number of worker compensation claims [...]
