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Tag: Cannabis Operation
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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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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