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Tag: Cannabis Industry
Differentiating Legal vs. Illegal Cannabis Products
When medical cannabis use became legalized in individual U.S. states like Colorado and California nearly a decade ago, dispensaries everywhere scrambled to create practices that would convey to the public that their product was safe, tested, and legal. Several dispensaries are known for providing quality products, and if you are a cannabis connoisseur, you probably […]
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Cannabis & Hemp Marketing: Standing Out from the Crowd
If you own a cannabis and hemp dispensary, you might be wondering how to get the word out about your product. Gone are the days of passing out flyers and taking out a loan to put your store’s name on a billboard. Read on to discover three innovative types of cannabis and hemp marketing to […]
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Generating & Maintaining Cannabis Sponsorship ROI
Like any other service and retail business, cannabis companies need to grow their market share. Unfortunately, due to state regulations that strictly monitor and control their advertising efforts, cannabis companies have limited marketing options. National advertising such as Google and Facebook is unavailable to cannabis retailers, so cannabis businesses have begun turning to Cannabis Sponsorship […]
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What Features Make a Cannabis Retailer Reputable?
If you’re like most Americans, you might have mixed feelings about cannabis. Most adults living today grew up in a time period in which the words “cannabis”, “marijuana”, and “hemp” resulted in suspicion or even fear. Today, though, there’s a more relaxed stance taken on this herb, and in some states, purchasing and owning cannabis, […]
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Legal vs. Illegal Dispensaries: What to Look For
With the legalization of marijuana, U.S. cities are seeing a rise in both legal and illegal dispensaries. One of the biggest differences between a legal cannabis dispensary and an illegal one is the quality of the product. In January 2020, the Bureau of Cannabis Control in California tested products from 45 illegal dispensaries and cannabis […]
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What You Need to Know About Workers’ Comp in the Cannabis Industry
Since Vermont became the first state to legalize recreational marijuana in 2018, several more states have followed suit, and the result is a booming industry raking in over $1 billion in annual revenue in the U.S. alone. The backbone of this industry is its workers. Like any other agricultural job, workers in the cannabis industry […]
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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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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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The Risk Exposures for Cannabis Industry in 2020
There is a growing concern over the risk exposures facing the cannabis industry for 2020. However, it may not be what most people would expect such as problems with slip-and-falls at cannabis dispensaries, crops being ruined by extreme weather, or even adequate quality control issues. In fact, Rocco Petrilli, board chair and chief operating officer […]
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