The transportation of cannabis is a necessary aspect of the industry as a whole. A dispensary is the final destination of many cannabis products which will ultimately be sold to consumers. The COVID-19 pandemic has made changes in the industry that is already a rapidly evolving environment. One such …
Cannabis Insurance
What Does Cargo Insurance Cover In The Cannabis Industry?
With many states changing their laws regarding cannabis in the past decade, the cannabis and hemp industries have experienced huge growth. The global cannabis market has grown from $3.4 billion dollars in 2014 to $10.9 billion in 2018 according to legal pot sales from BDS Analytics and Arcview …
Stock Throughput Insurance For Cannabis Dispensaries
A critical aspect of the success of your cannabis dispensary is your inventory. The product gets to your business by being transported there often by a truck. A loss of product that was in transit is a risk to your ability to efficiently run your operation. The logistical supply chain found in the …
What Is Cargo Insurance?
Manufacturers, dispensary owners, and others involved in the cannabis industry experience many unique risks to their business. Obtaining adequate protection is the key to ensuring that you have the right safeguards in place to avoid a financially damaging situation. One type of coverage that is …
The Benefits Of Cannabis Insurance
The cannabis industry is projected to generate $22 billion in sales by 2022. Despite this growth, insurers have been slow to enter the market. This has left many growers and dispensaries with an inadequate selection of insurance options to choose from. Cannabis insurance is available to those in the …
How Does Cannabis Insurance Provide Protection?
The legal marijuana industry has experienced accelerated growth over the last five years, with industry experts expecting more to come. Currently, medical marijuana is legal within 33 states plus Washington, D.C., and recreational marijuana usage is permitted in 11 states plus Washington, D.C.. …