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.
Why Dispensaries Need Crime Insurance
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,
Does A Cannabis Cultivator Need Insurance?
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
5 Cannabis Insurance Myths
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
Indiana’s Proposed Marijuana Laws In 2020
Indiana is one of several states hoping to legalize marijuana use in 2020, and several types of legislation have thus far been introduced in order to reach this goal. In total, 11 states and Washington, D.C. have legalized marijuana for both medical and recreational use (over the age of 21). The
Does My Dispensary Need Delivery Driver Insurance?
The cannabis industry is still relatively new, and there has been a recent trend of utilizing new ways to reach customers. One such new trend is offering delivery service, which, while offering potential benefits, has also opened the dispensary up to new risks. Many dispensaries that are considering
Do Dispensaries Need Product Liability Insurance?
The use of marijuana for recreational and medical use has been legalized for a relatively short amount of time. As of 2018, a total of 30 states plus Washington D.C. have in some form or another, legalized marijuana. The cannabis industry is marked by many by first-time business owners. To make
Recreational Use & Employment Policies In Michigan
The recreational use of marijuana was recently legalized in Michigan. However, this does not prevent employers from implementing or maintaining policies prohibiting the drug, meaning that employees may still risk their jobs if engaging in recreational marijuana use. It is important for employees
Hemp Regulations In Indiana Cannabis Industry
For those growing hemp in Indiana, it is important to become familiar with the regulations in Indiana cannabis industry that are now in place. The USDA released new regulations this past October that outline nation-wide regulations for hemp growers. This builds upon the regulations also established