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
How You Can Enhance Your Cannabis Insurance Policy
Legalizing medicinal marijuana has given rise to a new niche within the healthcare sector, and several enterprises have entered this space. By 2025, the cannabis business in the United States will grow to a record-high $146.4 billion. Several insurance companies have created cannabis-specific
Tips On How To File A Cannabis Claim
Dealing with a marijuana insurance claim can be a nightmare. For example, you might be the next cannabis business owner to fall victim to vandalism or theft. How do you protect yourself? With the legalization of cannabis in some jurisdictions, this problem is becoming more widespread. Are you
7 Common Challenges Of Insuring Your Marijuana Dispensary
The cannabis industry is expected to grow by $146.4 billion by 2025. There is no question about the increasing popularity of cannabis in the United States since 33 districts have legalized the use of cannabis. Some states have not legalized cannabis, but they allow the use of some byproducts of
Common Cannabis Insurance Claims
The cannabis industry is rapidly growing in the United States. According to the Bank of America Securities, legal cannabis sales grew by 40% in 2021, and global market sales rose to $31 billion. In the United States, 18 states have legalized the use of recreational cannabis. A Gallup survey
Oklahoma Requirements To Open A Cannabis Dispensary
The marijuana industry is flourishing in Oklahoma, particularly due to its utilization for medical and recreational purposes. Yet until recently, the law prosecuted people for using this controversial plant. While the startup costs for opening a cannabis dispensary in Oklahoma are considerably