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 …
Cannabis Insurance
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. …
Why Dispensaries Need Crime Insurance
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, …
Do Cannabis Cultivators 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 …