The cannabis industry faces mounting challenges and risks, making it crucial for businesses in this niche to create a tailored risk management plan that includes insurance coverage. California state law mandates that all cannabis business owners have insurance. California only recently started …
Cannabis Insurance
Is Your Cannabis Insurance Compliant With California Regulations?
The global cannabis industry is growing exponentially and is expected to reach $146.4 billion by 2025. Despite the growth, this emerging sector faces several risks and challenges. As the cannabis industry expands and becomes increasingly regulated, so does the risk exposure – a significant reason …
How To Prevent Employee Theft Within Your Cannabis Business
The cannabis industry is constantly growing across the world, and in the United States, the cannabis market will be worth $40 billion by 2030. While that’s great news for profitability, it also brings some unwanted attention. One of the main issues with the cannabis industry is that it is …
Why Your Cannabis Business Should Have An Employee Theft Coverage
There is little data on how frequently growers and dispensaries are victims of crimes—and even less on how commonly the perpetrators turn out to be the employees. But there is little doubt that the high-value, easy-to-sell commodity is prone to theft. To make matters worse, standard risk mitigation …
What Is Cannabis Business Insurance And Why Do I Need It?
The U.S. cannabis industry is growing at an unprecedented rate and is expected to be worth $57 billion by 2030. While this phenomenal success has benefited growers, suppliers, businesses, and the U.S. economy, it has also brought a slew of new hurdles to solve. For many, this means getting the right …
How To Start A Mobile Dispensary
Dispensaries must adjust to newer e-commerce possibilities such as delivery as cannabis shopping evolves. While it takes time and effort to set up, the delivery may be a game-changer for dispensaries, especially those with a tiny storefront or in an inconvenient location. If you're an existing …