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Cultivating Hemp Crops the Green Way
Farmers choosing to grow hemp crops are often mindful of the plant’s environmental benefits over more traditional commodity crops using conventional methods of cultivation. Hemp sequesters more carbon than other plants, carbon that is then locked up in the process of creating manufactured goods. Industrial hemp farms produce a significant volume of biomass, thus extracting […]
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Senate Passes COVID-19 Relief Act for Hemp Farmers
In December of 2018, hemp became a legal commodity crop in the U.S., giving the hemp retailer and hemp farmer the same protections awarded to traditional agricultural businesses under the Farm Bill. Under the law, farmers are provided monetary relief when crop failures occur due to natural disasters. However, the disaster relief programs historically offered […]
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Hemp Laws in 2020: States Divided
Hemp Farmers Remain Confused in the 2020 Growing Season Despite the federal government’s efforts to streamline the 2020 hemp production guidelines, many states are still following the 2014 pilot rules for this growing season. The result of each state basically making their own rules is a patchwork of varying guidelines for 2020- causing mass confusion […]
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What Could Go Wrong? What Cannabis & Hemp Companies Can Prepare For
As cannabis first became legalized, the rush to get in on the action seemed akin to the 1849 California Gold Rush. Once Congress finally opened up the markets to hemp products, the interest only intensified. However, the industry seems to be coming back down to earth with a number of high-profile lawsuits. Some issues are […]
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Types of Claims CBD Manufacturers Can Expect to Face
The cannabis industry, with all of its related products, exists in a strange state in the United States today. Marijuana, the high-profile recreational drug, remains an illegal substance at the federal level. However, it has been legalized in some states despite this ban. Congress permitted the growing and sale of hemp, also a kind of […]
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5 Liability Facts About the CBD & Hemp Industry
It is safe to say that the CBD and hemp industry are currently booming. At the end of 2018, hemp was taken off of the Schedule I substance list and products made from hemp, such as CBD oil, were permitted. Although there has been significant deregulation, there are still unique issues to consider related to […]
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The Importance of Product Liability Insurance for CBD Companies
New Opportunities for CBD It seems it was only yesterday that cannabis or any derivative product was a total non-starter for any kind of legitimate business. Things have changed. Not only have several states legalized cannabis in all forms, including recreational marijuana, the federal government has permitted certain cannabinoid extracts such as CBD to be […]
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Which Cannabis Operators Need Which Insurance Coverages?
Cannabis operators need a variety of different types of insurance coverages. Depending on where on the cannabis supply chain a company falls (from growers to smoke shop owners), crafting the most comprehensive type of coverage policy is necessary to protect the assets of a particular link in the chain. For example, a hydroponic store will […]
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Key Insurance Coverages The Cannabis Industry Should Carry
The cannabis industry is evolving at the speed of light. Experienced and knowledgeable risk management partners are an asset to a client who works in the cannabis industry. From growers to distributors, each step of the cannabis production chain is important and can be impacted by the slightest change. Because the range of operations varies […]
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A Closer Look at Cannabis Product Liability Risks
For wholesalers and distributors who are concerned about the product they purchase from growers, cannabis product liability insurance is a necessity. Many things can happen to a cannabis crop, ranging from drought to application of the wrong pesticide concentration, which renders it unusable. These missteps can cost wholesalers and distributors substantial losses. When there is […]
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