skip to Main Content
Believe It or Not, Marijuana Inventory Is Insurable – For Now

I recently chaired a webinar about marijuana and insurance issues, and I have already been roped into doing another one. I am well aware of how cannabis and insurance are a legally charged combination, and I expect to see an increase of cannabis insurance cases very soon.

A federal court in Colorado just came down with an important cannabis insurance ruling in the case of Green Earth Wellness Center, LLC v. Atain Speciality Insurance CompanyThe case involves a cannabis company that sued its insurance company for failing to pay on claims and for bad faith.

It’s important to note that I’m not talking about a cannabis company seeking coverage on a general liability insurance policy for something like a slip-and-fall or for damage to grow lights.To the contrary, this case is a big deal because Colorado Federal District Court Chief Judge Marcia S. Krueger ruled on a summary judgment motion that the actual inventory itself (i.e., the cannabis) is insurable under a general liability insurance policy. [Read more at Above the Law]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

Oregon Cannabis Compliance: Three Common Problems

by Vince Sliwoski, Attorney @ Harris Bricken An Oregon Liquor and Cannabis Commission (OLCC) licensee must comply with all rules stemming from ORS 475B. There are a lot of them. These rules have been in a constant state of flux since 2015, and they are buttressed by other sets of permanent rules, temporary rules, proposed…

That Tainted Halloween Candy Myth Just Won’t Go Away

As children go trick-or-treating, it is exceedingly unlikely that your neighbor will put a razor blade in an apple, poison a wrapped Snickers bar, or, in this year’s version of the same old story, swap THC-laced gummies for regular candy, tricking innocent youngsters into accidentally getting high. Historically, such acts have not just been rare,…

Key vendor in Missouri’s medical marijuana program hit with $28 million judgment

A company hired by the state to score applicants for medical marijuana licenses has lost a $28 million lawsuit brought by one of the jilted companies. In the latest legal fallout from Missouri’s rocky rollout of its medical marijuana program, Wise Health Solutions was sued by GMT Consulting, which had joined a rush of companies seeking…

Virginia lawmakers explore an earlier start for retail marijuana sales

The start of marijuana retail sales in Virginia could come sooner than initially planned as lawmakers continue to discuss the ground rules for the new industry. The commission that oversees implementation of state legislation that legalized marijuana recently created a subcommittee that will draw up recommendations on how to expedite the start of retail sales…

More Categories

Back To Top
×Close search
Search