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
Key Cannabis Insurance Policies Your Dispensary Needs
The cannabis sector has seen substantial expansion in recent years, thanks to the legalization of marijuana for medical and recreational use in a majority of states. Every day, new cannabis dispensaries open their doors for business. First-time business owners may not be aware of all the hazards
How To Open A Dispensary In New Mexico
In June of 2021, New Mexico joined the bloc of U.S. states that have legalized the use of cannabis in a medicinal and recreational capacity. This led to the subsequent boom in the cannabis market. To regulate the use of the substance, the Cannabis Regulation Act established New Mexico Cannabis
The Importance Of Cannabis Recall Insurance
Cannabis legalization is quickly spreading through America, making it legal in 38 states apart from DC. However, you can only use cannabis medicinally and not recreationally in most states. Due to the high demand, many companies are selling cannabis and cannabis-derived products. Thus, the FDA has
What Is Cannabis Product Recall Insurance?
Although medicinal and recreational cannabis use is breaking down barriers and becoming legal in many states, it is important to keep in mind that it remains an emerging market that comes with significant liabilities. If cannabis products being sold to the American public are found to be