Every business should have crime insurance to protect it from losses due to criminal activity. Dispensaries can be cash-intensive operations, so this adds an additional risk to operating this type of business. Robberies of dispensaries have risen over the years in many cities. Denver, for example,
Does A Cannabis Cultivator Need Insurance?
It was only a short time ago that Michigan voters voted to legalize the use of recreational marijuana. Retail dispensaries started opening up in December 2019, about a year after marijuana was legalized in November 2018. The economic benefits of these actions are expected to produce sales of $3
5 Cannabis Insurance Myths
The cannabis business is still very new compared to other industries. Its landscape is ever-changing, partially due to adjustments in state regulations. What doesn’t appear to be changing, however, is the global market’s growth. New Frontier’s data indicates that the cannabis industry is expecting
Why Your Special Event Needs Cancellation Insurance
Whether you are hosting a wedding, sporting event, music concert, community event, or some other special event, it is important to protect yourself financially from the risk of cancellation. Special event cancellation insurance acts as a protection against loss of revenue or unexpected expenses that
Indiana’s Proposed Marijuana Laws In 2020
Indiana is one of several states hoping to legalize marijuana use in 2020, and several types of legislation have thus far been introduced in order to reach this goal. In total, 11 states and Washington, D.C. have legalized marijuana for both medical and recreational use (over the age of 21). The
What Does D&O Insurance Cover In The Entertainment Industry?
Private production companies are usually small when compared to Warner Bros or Sony Pictures, but this doesn’t prevent the management team from being equally exposed to potential liabilities. Production companies without D&O insurance could find themselves in a difficult position at a time when
How To Avoid Illness On Production Sets
The coronavirus pandemic has brought to light the vulnerability of many businesses including the entertainment industry. The estimates of what the pandemic has cost globally to the box office is estimated to be around $5 billion. It has also brought challenges to avoiding illness, as film production
What is D&O Insurance?
As a director or officer of an organization, there is always the possibility of becoming the target of a lawsuit because of actions taken in connection with the business. Directors and Officers (D&O) liability insurance is a type of liability insurance meant to protect individuals from suffering
Does My Dispensary Need Delivery Driver Insurance?
The cannabis industry is still relatively new, and there has been a recent trend of utilizing new ways to reach customers. One such new trend is offering delivery service, which, while offering potential benefits, has also opened the dispensary up to new risks. Many dispensaries that are considering