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 Does A Cannabis Cultivator Need Property Insurance?
Why does a cannabis cultivator need property insurance? Finding the right insurance policy for a cannabis cultivator 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
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
4 Liabilities Michigan Cannabis Cultivators Face
Consistency is not a word that is used to describe the regulatory environment that the cannabis industry currently finds itself in. This leaves many businesses like cannabis cultivators susceptible to more risk than is ideal to have. Cannabis cultivators who are new to the market, or even those who
The Most Important Medical Dispensary Insurance Policies
Are you planning on starting your own dispensary business in the near future? Perhaps you have an existing dispensary and are wondering whether your business is adequately protected. Knowing the most important medical dispensary insurance policies is crucial for any entrepreneur in this
Property Damage Liability Issues for Dispensaries
The cannabis industry has grown rapidly as many states have legalized its use for medical and recreational purposes. According to Grand View Research, the global marijuana market was valued at $17.7 billion as of 2019, and indicators show that it will continue to grow over the next several years.