As reported by Howard Dashefsky on KHON2 on June 28, the business of selling medical marijuana in Hawaii just became more complicated.
Insurance company Hawaii Employers' Mutual Insurance Company (HEMIC) announced it will stop providing workers' compensation insurance to seven of the eight businesses waiting for licenses to begin selling their product in dispensaries. This makes it even more difficult to start operating a medical marijuana dispensary because state law requires all companies to provide workers compensation for employees.
The news came without warning, the report says. Thirty-day policy cancellation notices were sent after what HEMIC called a thorough legal evaluation of state and federal law regarding the production and sale of medical marijuana in Hawaii.
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
