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Cannabis Insurance

Man tending to cannabis plants

Cannabis Distribution Liabilities & How To Protect Your Business From Risk

October 5, 2020

The distribution and transportation of cannabis is a new type of business within a young industry. Businesses that enter into this market are responsible for transporting products in the supply chain. This requires a variety of logistics solutions that help increase the quality of the product when

Cannabis in jar on table

Why Do Illinois Dispensaries Need Cyber Insurance?

September 28, 2020

Cybersecurity is a concern for businesses of every size and type. The cannabis industry is no exception to this. According to the National Cybersecurity Alliance, six out of ten small businesses in the United States have been victims of cyberattacks. Within half of a year, these businesses were out

Employee in provisioning center holding cannabis

What Insurance Policies Are Most Important For A Michigan Provisioning Center?

September 21, 2020

Obtaining a state license to operate a medical marijuana provisioning center is one of the biggest hurdles for Michigan business owners. The legalization of marijuana took effect on December 6, 2018, which means it’s still a new industry for the state. From a state and local regulatory perspective,

insurance is needed for possible liabilities cannabis cultivators might face

4 Liabilities Michigan Cannabis Cultivators Face

August 10, 2020

Consistency is not a word that is used to describe the regulatory environment that the cannabis industry currently finds itself in. This leaves many businesses like cannabis cultivators susceptible to more risk than is ideal to have. Cannabis cultivators who are new to the market, or even those who

dispensary store front covered by the most important dispensary insurance

The Most Important Medical Dispensary Insurance Policies

August 3, 2020

Are you planning on starting your own dispensary business in the near future? Perhaps you have an existing dispensary and are wondering whether your business is adequately protected. Knowing the most important medical dispensary insurance policies is crucial for any entrepreneur in this

a cannabis plant at a dispensary that may face property damage liability issues

Property Damage Liability Issues for Dispensaries

July 30, 2020

The cannabis industry has grown rapidly as many states have legalized its use for medical and recreational purposes. According to Grand View Research, the global marijuana market was valued at $17.7 billion as of 2019, and indicators show that it will continue to grow over the next several years.

a dispensary owner who is applying for crime insurance

Why Dispensaries Need Crime Insurance

July 27, 2020

Every business should have crime insurance to protect it from losses due to criminal activity. Dispensaries can be cash-intensive operations, so this adds an additional risk to operating this type of business. Robberies of dispensaries have risen over the years in many cities. Denver, for example,

small-shopping-with-cannabis-plant-inside-representing-cannabis-cultators

Does A Cannabis Cultivator Need Insurance?

July 23, 2020

It was only a short time ago that Michigan voters voted to legalize the use of recreational marijuana. Retail dispensaries started opening up in December 2019, about a year after marijuana was legalized in November 2018. The economic benefits of these actions are expected to produce sales of $3

shadow-of-cannabis-cultivator-standing-in-greenery

5 Cannabis Insurance Myths

July 20, 2020

The cannabis business is still very new compared to other industries. Its landscape is ever-changing, partially due to adjustments in state regulations. What doesn’t appear to be changing, however, is the global market’s growth. New Frontier’s data indicates that the cannabis industry is expecting

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