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Insurance Blog

Cannabis Insurance · May 23, 2022

Key Cannabis Insurance Policies Your Dispensary Needs

cannabis dispensary in downtown

The cannabis sector has seen substantial expansion in recent years, thanks to the legalization of marijuana for medical and recreational use in a majority of states. Every day, new cannabis dispensaries open their doors for business. First-time business owners may not be aware of all the hazards …

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Cannabis Insurance · May 16, 2022

How To Open A Dispensary In New Mexico

green cross is a common symbol used in the marijuana community

In June of 2021, New Mexico joined the bloc of U.S. states that have legalized the use of cannabis in a medicinal and recreational capacity. This led to the subsequent boom in the cannabis market. To regulate the use of the substance, the Cannabis Regulation Act established New Mexico Cannabis …

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Business Insurance · May 2, 2022

How Does Product Recall Insurance Work?

business concept meaning product recall insurance with sign on the bank form

A product recall is when manufacturers remove entire batches of products from customers or marketplaces. These are damaged, unsafe goods and any consumer who has used them is eligible to receive compensation. Product recalls are very important to buyers because unsafe products can kill or harm …

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Cannabis Insurance · April 18, 2022

The Importance Of Cannabis Recall Insurance

cannabis dispensary marijuana product in glass Jjr

Cannabis legalization is quickly spreading through America, making it legal in 38 states apart from DC. However, you can only use cannabis medicinally and not recreationally in most states. Due to the high demand, many companies are selling cannabis and cannabis-derived products. Thus, the FDA has …

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Business Insurance · April 11, 2022

Is Product Recall Insurance The Same As Product Liability?

wooden blocks with the text recall

Global consumer standards are compelling businesses to acquire product recall insurance to continue their operations without any hindrances or delays. Product recall insurance covers the cost of sending a defective product back to the manufacturer or merchandiser. In this case, the defective …

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Cannabis Insurance · March 28, 2022

What Is Cannabis Product Recall Insurance?

cbd oil hemp products in a glass jar and hemp seeds

Although medicinal and recreational cannabis use is breaking down barriers and becoming legal in many states, it is important to keep in mind that it remains an emerging market that comes with significant liabilities. If cannabis products being sold to the American public are found to be …

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