The State of Cannabis Business Insurance from Seed to Sale

By Michael Giusti With the cannabis market maturing in many states, the insurance industry is beginning to have access to more data upon which they can set their rates. But it’s still difficult to keep up, as there are a…

Captive Insurance Companies: A Game Changer For Cannabis Companies

April 3, 2024
Mike Goral
Insurance
1 Comment

By Mike Goral In the rapidly evolving cannabis industry, businesses are increasingly seeking innovative risk management strategies that transcend traditional insurance models. Captive insurance companies have emerged as a powerful solution, offering a level of flexibility and empowerment previously unavailable…

Getting Cannabis Business Insurance Right Amidst Tough Market Conditions

By Michael Giusti, senior writer and analyst for InsuranceQuotes.com As cannabis businesses scrap for market share, insurance may not be their top concern, but neglecting to think about risk may leave business owners exposed when they are least able to…

How Regtech Is Simplifying Cannabis Compliance

April 19, 2023
Marion Mariathasan
Banking, Finance & Real Estate, Compliance, Compliance and Regulations, Insurance, Op-Ed, Science and Technology
0 Comments

By Marion Mariathasan There is no doubt that 2023 has been a bumpy start for many in the cannabis sector. A bear market is obliterating company valuations. Federal reforms are moving at a glacially slow pace. Inflation continues to choke…

Preventing Both Smoke and Fire: D&O Insurance for Cannabis Risks

December 12, 2022
Lorelie Masters
Insurance
0 Comments

By Lorelie S. Masters and Geoffrey B. Fehling The recent actions of the federal government and the results of the November elections may signal a sea change for cannabis companies lobbying for federal cannabis legalization. President Biden recently granted a pardon to…

Insuring cannabis businesses: Risk and opportunity in an emerging market

October 17, 2022
James Whitcomb
Insurance
0 Comments

By James Whitcomb and Mark Goldburd The recent trend toward cannabis legalization in many U.S. states has propelled the U.S. legal cannabis industry to $27 billion in retail sales in 2021 and growing rapidly. Market estimates expect U.S. cannabis sales…

Takeaways from Our Conversation on Cannabis Testing Labs

If one were to put their finger on just where the biggest risk may lie in cannabis, it could be from product liability and recalls. The industry took a hit from an outbreak of vape injuries a few years back,…

Cannabis Business Insurance: the Core and the Caveats

By Michael Giusti Legal marijuana and cannabis sales have only been around for a few years, making them one of the newest businesses around. Meanwhile, insurance as an industry tends to be very conservative, hesitant to take on new risks…

Michigan’s New Cannabis Liability Insurance Requirements Raise Concerns by Licensees, Insurers

Authors: Ian A. Stewart and William S. Cook Michigan has adopted new legislation that unintentionally may make Michigan cannabis companies and their insurers scramble to determine how to comply with onerous regulations around mandatory product liability insurance. Without materially consulting…

Suing Your Cannabis Insurer? Choose Your Battleground Wisely

by John McDonald, Attorney at Harris Bricken If you are suing your cannabis insurer, read this first. The venue in which you plan to file is of the utmost importance. The status of marijuana as a schedule I narcotic has…

Cannabis Businesses and New Jersey Real Estate: The Landlord’s Perspective – Part Three: Terminations and Insurance

December 23, 2021
Carmen Andrade
Banking, Finance & Real Estate, Insurance
0 Comments

by  Carmen Andrade In the last section of the series aimed to help landlords navigate the evolving cannabis landscape, this article focuses on terminations and insurance issues. Lease Terminations When negotiating a termination provision in a lease, both landlords and tenants will want to include specific parameters…

Delta-9 THC Products from Hemp Are a Risk Not Worth Taking

The hemp-derived cannabinoid market continues to grow and evolve despite lingering questions over federal legality and numerous state laws that try to keep pace. Much has been written about new “legal” hemp products that contain intoxicating delta-8 THC, delta-10 THC…

U.S. cannabis insurers get ready to roll as federal legalization nears

NEW YORK, Aug 19 (Reuters) - Insurers are quietly gearing up for a potential ten-fold increase in sales to the booming $17.6 billion-a-year cannabis industry as Congress inches closer to legalizing pot at the federal level. While 36 U.S. states…

Cannabis Directors and Officers Liability: Cause for Optimism?

Cannabis companies are confronted by the twin challenge of warding off an increasing number of expensive lawsuits brought against their directors and officers armed with inadequate available insurance policies to respond to those suits. Securities litigation, shareholder and investor disputes,…

Growing Problems: Managing Legal Risks for Executives and Board Members

Publicly traded cannabis companies face a heightened risk of securities litigation. D&O insurance, along with a focus on compliance and best practices, helps to mitigate that risk. Cannabis companies that go public can raise tens of millions of dollars for…

The State of Cannabis Business Insurance from Seed to Sale

Captive Insurance Companies: A Game Changer For Cannabis Companies

Getting Cannabis Business Insurance Right Amidst Tough Market Conditions

How Regtech Is Simplifying Cannabis Compliance

Preventing Both Smoke and Fire: D&O Insurance for Cannabis Risks

Insuring cannabis businesses: Risk and opportunity in an emerging market

Takeaways from Our Conversation on Cannabis Testing Labs

Cannabis Business Insurance: the Core and the Caveats

Michigan’s New Cannabis Liability Insurance Requirements Raise Concerns by Licensees, Insurers

Suing Your Cannabis Insurer? Choose Your Battleground Wisely

Cannabis Businesses and New Jersey Real Estate: The Landlord’s Perspective – Part Three: Terminations and Insurance

Delta-9 THC Products from Hemp Are a Risk Not Worth Taking

U.S. cannabis insurers get ready to roll as federal legalization nears

Cannabis Directors and Officers Liability: Cause for Optimism?

Growing Problems: Managing Legal Risks for Executives and Board Members

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