Cannabis has been growing in popularity for decades in the U.S. With six in ten Americans agreeing that recreational marijuana use should be legalized, many states are preparing moves to legalize cannabis to some degree. Eleven states have already legalized recreational marijuana, which has opened …
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Does Cannabis Insurance Include Commercial Auto?
The booming US legal cannabis industry is projected to be worth $73.6 billion by 2027. A growth in business means an increase in the amount of risk assumed by the industry. Any comprehensive cannabis insurance policy should include commercial auto coverage. A cannabis business involved in the …
Cannabis Distribution Liabilities & How To Protect Your Business From Risk
The distribution and transportation of cannabis is a new type of business within a young industry. Businesses that enter into this market are responsible for transporting products in the supply chain. This requires a variety of logistics solutions that help increase the quality of the product when …
Why Do Illinois Dispensaries Need Cyber Insurance?
Cybersecurity is a concern for businesses of every size and type. The cannabis industry is no exception to this. According to the National Cybersecurity Alliance, six out of ten small businesses in the United States have been victims of cyberattacks. Within half of a year, these businesses were out …
What Insurance Policies Are Most Important For A Michigan Provisioning Center?
Obtaining a state license to operate a medical marijuana provisioning center is one of the biggest hurdles for Michigan business owners. The legalization of marijuana took effect on December 6, 2018, which means it’s still a new industry for the state. From a state and local regulatory perspective, …
Why Do Cannabis Cultivators Need Property Insurance?
Finding the right insurance policy for cannabis cultivators is imperative to ensure compliance with state laws and ensure ideal business practices. The laws can be confusing with many grey areas since, on a federal level, cannabis is still considered illegal. Insurance is one requirement that many …