In recent years, cannabis has come out of the shadows, with many States decriminalizing its use and reselling. However, it does not mean your cannabis business cannot be harmed. Cannabis is classified as a "schedule 1 drug" by the federal government. Thus, to run a successful cannabis business,
Importance Of Cannabis Delivery Insurance
For entrepreneurs and traders who work with cannabis or CBD businesses, there are two primary delivery options. Deliveries must be made by either internal company drivers or external drivers hired as contractors for your company. Even the most cautious drivers may be involved in an accident due
Important Vermont Cannabis Laws To Be Aware Of
The public's opinion of cannabis has significantly changed in a relatively short period, with more Americans supporting its legalization than ever. Due to the ongoing federal prohibition of cannabis, which forces each state to implement cannabis laws, conflicting state and federal regulations have
What Are Key Cannabis Insurance Policies In California?
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
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 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