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 …
How To Open A Dispensary In New Mexico
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 …
How Does Product Recall Insurance Work?
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 …
The Importance Of Cannabis Recall Insurance
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 …
Is Product Recall Insurance The Same As Product Liability?
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 …
What Is Cannabis Product Recall Insurance?
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 …