ALM launches new course focusing on workers' compensation issues for cannabis businesses
The fifth module in the Cannabis Insurance Coverage Specialist designation provides insights to protect employees and employers.
As cannabis continues to be legalized on the state level across much of the U.S., ALM has launched the fifth course in its Cannabis Insurance Coverage Specialist (CICS) designation — Workers Compensation for Cannabis Businesses.
Recreational marijuana is now legal in 21 states and Washington, D.C., following the recent mid-term elections as voters in Maryland and Missouri signaled their support of adult-use cannabis. Medical marijuana is currently legal in 37 states plus Washington, D.C., Guam and Puerto Rico, although limitations vary by jurisdiction.
Previous modules for the designation have provided a general overview of the cannabis industry and addressed insurance issues related to risk management, claims and real estate because ALM recognizes that insurers need to be familiar with a variety of matters associated with coverage for cannabis-touching entities. The CICS designation was launched in the fall of 2021 to provide an in-depth overview of these topics.
The new module covers many aspects of workers’ compensation with regard to legalized cannabis and cannabis-related businesses. The course provides an overview of workers’ compensation, looks at existing and proposed legislation, reviews classifications for workers’ compensation, and addresses issues such as drug testing, reimbursement for medical use and exposures related to legal cannabis.
“Workers’ compensation is a complex issue for any business. There are specific workers’ compensation exposures around cannabis, even when legal. With this course, we wanted to provide current, critical information for professionals insuring, representing, serving or involved with the cannabis industry, as well as anyone handling workers’ compensation in states where cannabis is legal,” shares Molly Miller, ALM’s chief content officer.
The course is offered at the introductory price of $199 and more details can be found at www.nutraining.com or by contacting Johanna Abshear, client success coordinator, at jabshear@alm.com.
The last module in the course will focus on financing and banking regulations for cannabis-touching businesses and is expected to launch in early 2023.
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