The cannabis industry is expected to grow by $146.4 billion by 2025. There is no question about the increasing popularity of cannabis in the United States since 33 districts have legalized the use of cannabis. Some states have not legalized cannabis, but they allow the use of some byproducts of
Common Cannabis Insurance Claims
The cannabis industry is rapidly growing in the United States. According to the Bank of America Securities, legal cannabis sales grew by 40% in 2021, and global market sales rose to $31 billion. In the United States, 18 states have legalized the use of recreational cannabis. A Gallup survey
Oklahoma Requirements To Open A Cannabis Dispensary
The marijuana industry is flourishing in Oklahoma, particularly due to its utilization for medical and recreational purposes. Yet until recently, the law prosecuted people for using this controversial plant. While the startup costs for opening a cannabis dispensary in Oklahoma are considerably
Licenses Your Cannabis Retail Store In Arizona Must Have
As of 2020, a majority of Arizonians wanted the right to access recreational cannabis legally, and to that end, they voted in favor of Proposition 207. An entirely new market has emerged in the state and a highly profitable one at that. Arizonians spent $1.4 billion on cannabis just a year after
Key Cannabis Insurance Policies Your Dispensary Needs
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