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 [...]
Cannabis insurance is a budding, young market, and early fears about high claim rates have turned to optimism as reality has played out post-legalization in individual states. When a new insurance market emerges, it’s common [...]
Risk management in the cannabis industry can seem overwhelming when looked at as a whole. Not only is the industry new to the regulated marketplace, meaning there aren’t decades of reliable data to build assumptions [...]
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 [...]
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 [...]
Running a successful cannabis dispensary starts with hiring the right group of people. With more and more dispensaries opening up in new markets, the competition is increasing and your staff can help set your business [...]
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 [...]
Wildfires, floods, earthquakes, and fire - what do these all have in common? They’re all unpredictable, and they’re all natural disasters that could devastate a cannabis business if it’s not prepared. Businesses need to prepare [...]
