One of the biggest challenges cannabis companies face, particularly dispensaries, is the risk of robbery. Operating a cash-only business makes you a major target for people with malicious intentions. (Photo: J. Albert Diaz/ALM)
Working in the cannabis industry means navigating a plethora of challenges. Some challenges change by the state you're operating in, while others come down from a federal level, such as banking and financing. Whether sourcing capital from investors or fulfilling insurance-required protective safeguards, securing capital in cannabis can be tricky.
Understanding theft provisions for cannabis property insurance
One of the biggest challenges cannabis companies face, particularly dispensaries, is the risk of robbery. Operating a cash-only business makes you a major target for people with malicious intentions. Protecting yourself means you need a plan and cannabis insurance policies to back it up — including theft and property coverage.
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