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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