Cannabis businesses often face significant challenges in securing insurance for their companies. Due to marijuana products still being illegal on the federal level and the high risks associated with storing and transporting cannabis, many insurers do not deem such businesses as acceptable candidates
The Biggest Mistakes Cannabis Business Owners Make When Buying Insurance
As an industry slated to reach $45 billion in value by the end of 2025, cannabis continues to surge in popularity thanks to broader legalization and cultural trends. In some locations, as many as 88% of the population are in favor of legalizing cannabis nationwide. Given the enthusiasm behind the
Choosing The Right Cannabis Insurance Provider
As more people aspire to open cannabis-related businesses thanks to increasing legalization, the importance of insurance coverage is rising as well. However, many soon-to-be business owners are discovering that securing insurance protection for their cannabis business is more difficult than they
Mitigating Risks In The Cannabis Industry
The budding cannabis industry is steadily growing across the United States, with more states than ever legalizing recreational and medical marijuana for public use. To meet this demand, businesses are expanding to offer cannabis products, and dispensaries are opening specifically to cater to the
Cannabis Insurance Requirements By State
Cannabis has been legalized in many states over the last ten years. Because legalization in America has come both recently and in such a fragmented manner, it is easy to get confused about the laws newly established by individual states or counties. In some states, marijuana is still not legal. In
4 Legal Risks Of Cannabis Lounges
Cannabis use continues to change and adapt to new rulings and regulations nationwide. A few states, such as Colorado and Michigan, are leading the charge in developing publicly-accessible cannabis lounges. These locations are the parallel to bars that serve alcohol; they offer a public place where
What To Know About Owning A Dispensary
Owning a cannabis dispensary is a new and increasingly popular business venture thanks to the more favorable landscape for marijuana products across much of the nation. While each state’s individual requirements and legality are different, many places are experiencing a dispensary boom thanks to
Getting Dispensary Insurance For The West Coast
The west coast is a popular place, with enjoyable weather for most of the year and a wide range of popular activities and hobbies to enjoy. This also makes it a hotbed for the development of cannabis which explains why so many new strains originate in the area. With this consistent growth in the
Trade Credit Insurance
As technology continues to advance, more and more options for commerce come into play. Where cash and check used to be the preferred methods for exchanging money, now credit cards and even tap-to-pay solutions are the norm. In the wake of this, new risks have also emerged that can threaten a