Cannabis Insurance

Because cannabis is considered to be an emerging industry new cannabis dispensary owners may feel confused about the types of insurance policies they need and where to get them. Loss of income insurance is a core policy that covers lost income if a named peril occurs. It offers coverage to

Errors and Omissions (E&O) Insurance is a type of professional liability coverage designed to protect businesses if they are found liable for providing faulty advice or negligence with regard to the services they offer. Cannabis businesses often make recommendations to their customers on cannabis

Errors and omissions (E&O) insurance, also known as professional liability insurance, is a policy designed to protect businesses if they are sued or fined for mistakes, professional negligence, failure to provide promised services or providing incorrect advice. Any service-based business requires

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

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

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

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 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

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..