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Tag: Cannabis Insurance
Common Workplace Injuries in Cannabis Industry
If you’re new to working in the cannabis industry, the thought of being injured on the job might cause you to raise your eyebrows. How can you be injured while working with plants? Remember, the full range of cannabis jobs includes the individuals who work behind the counter of dispensaries, those who harvest, load, and […]
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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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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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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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3 Biggest Concerns for the Cannabis Insurance Industry
With the rapid growth of the cannabis industry over the last several years, the U.S. economy has seen a significant impact that ranges into the billions. For example, in 2018, cannabis sales reportedly reached $10.4 billion and this amount is projected to double by 2022. In addition to the influx of cash from the industry […]
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Do Cannabis Wholesalers Require Insurance?
Wholesalers and distributors of cannabis engage in the sale of goods or merchandise to retailers or other distributors who, in turn, sell to the public. Products are typically stored and shipped out of the warehouse or distribution center to the store. With medical cannabis legal in 33 states and recreational cannabis also legal in 1/3 […]
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