Marijuana and the Insurance Industry
Cannabis businesses face unique risks and challenges, and insurance slowly gaining its footing on how to properly insure this budding industry.
December 10, 2019
Year in review: Growing cannabis, cyber and weather claimsHow the emerging marijuana industry, the sophistication of ransomware and an increase in wildfires are affecting insurance claims.
April 02, 2019
Finding the opportunities in legalized marijuana – Part 3The conflict between federal and state regulations regarding legalized marijuana is creating some potholes for insurers.
March 29, 2019
Industry groups react to passing of the SAFE Act of 2019The House Committee on Financial Services approved the bill with a vote of 45 to 15.
March 31, 2019
How risk management can make marijuana-related businesses bulletproofAssembling a risk management insurance team could prevent a marijuana-related businesses from foundering.
November 25, 2019
Blossoming cannabis industry faces unique cyber risksSome states' seed-to-sale tracking and identification requirements make the legalized cannabis industry easy prey for hackers.
March 12, 2019
Insurer seeks controlled substances exclusion clarityCoverage Q&A: Insurance liability questions arise after one state objects to policy exclusion language due to the opioid epidemic.
December 19, 2019
USDA's hemp regulations create challenges for hemp and CBD producersThe interim rules state that a failed test from a distinct lot may invalidate the entire harvest, causing major income losses for producers.
January 18, 2019
Most medical cannabis users have operated vehicles under the influence, study findsOne in five said they had driven while 'very high' in the past six months, University of Michigan researchers reported.
April 19, 2019
Beware of National Weed Day: Insurers could see an increase in auto claimsDrinking, drugs and driving don't mix, but not everyone realizes they're impaired, especially on '4/20.'
July 22, 2019
Cannabis and employee drug testing: A tricky combinationWith more states working to decriminalize or legalize marijuana use, routine workplace drug screening deserves a closer look.