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You are here: Home / Archives for Industry News / Insurance

Insurance

Cannabis Business Basics: Product Liability Insurance is a Nonnegotiable Priority

October 23, 2019 by AggregatedNews Leave a Comment

By Jonathan Bench, Attorney at Harris Bricken   With Juul recently in the news and vaping bans going into effect around the country (see our recent coverage here, here, here and here), marijuana companies have been asking us questions about what to expect in the near term. In the midst of this uncertainty, we have been stressing […]

Filed Under: Insurance Tagged With: Product Liability Insurance

Cannabis Industry Continues to Mature, But Getting Title Insurance Still Problematic

October 18, 2018 by Leo Aubel Leave a Comment

By: Leo G. Aubel, Partner, Howard & Howard As conflicting state and federal laws regarding cannabis production, distribution, sales and marketing continue on their collision course, two major hurdles for the U.S. cannabis industry have come into focus: banking and title insurance. The purchase, sale, lease, and use of real estate by the cannabis industry in […]

Filed Under: Insurance, Policy & Legal Tagged With: Chicago Title, Commonwealth Land Title, Fidelity National Financial, Fidelity National Title, Michigan’s Medical Marihuana Facility Licensing Act (MMFLA), Ticor Title

California cannabis company receives historic $1 million insurance payout following fire

April 8, 2018 by AggregatedNews Leave a Comment

It’s believed to be the largest insurance award ever given to a legal marijuana business. Industry insiders also see the event as another indicator of how rapidly the legal cannabis industry has matured, and how much corporate America’s “take” on cannabis companies has changed. Last month the Santa Barbara Independent reported that a Southern California cannabis cultivator […]

Filed Under: Insurance Tagged With: California Marijuana, Cannabis Insurance Professionals, Legal Marijuana, marijuana insurance

Too Stoned to Drive? Lawmakers Struggling to Find a Sure-Fire Test to Tell – Part 1 of 2

August 8, 2017 by Lee Prindle Leave a Comment

(Ed. note: Part 1 examines the current state of THC testing and the challenges for certifying a DUI) America’s history with marijuana is lengthy and fraught with hiccups. After decades of prohibition, the doorway of decriminalization paved the path for legal cannabis. Marijuana is legal for recreational use in eight states plus DC. 20 states […]

Filed Under: Compliance and Regulations, Insurance Tagged With: accurately testing and applying laws, drug testing techniques and analyses, National Organization for the Reform of Marijuana Laws (NORML), Per Se DUI Laws, prohibition, THC threshold tests

Canna Business 101: Insurance Coverage Options

September 30, 2016 by Steven Schain 1 Comment

By Steven Schain With Colorado’s July 2016 ­legalized marijuana sales ­reaching $122.7 million and nationwide annual sales to exceed $7 billion, insurance coverage should be plentiful and easily obtained. Instead, carriers are exiting the market, premium costs are increasing, and claims are being denied. Despite bellwethers Lloyd’s of London and Mutual of Omaha’s negative stance, […]

Filed Under: Banking, Finance & Real Estate, Insurance, Policy & Legal Tagged With: captive insurance, Green Earth Wellness Center v. Atain Specialty Insurance ­, Insurance Coverage Options, Lloyd's of London, McCarran–Ferguson Act, The Controlled Substance Act

Adherence Compliance Launches Automated Cannabis Insurance Program Available in 12 States

April 6, 2016 by Press Release Leave a Comment

Cannabis Insurance Adherence Compliance BioTrackTHC

Press Release Denver, Apr. 7, 2016 – Adherence Compliance, the global leader in cannabis regulatory compliance software and services, today announced its latest program offering to help mitigate risk for commercial insurers and reinsurers in the cannabis industry. The Cannabis Insurance Program, the only automated solution of its kind available, allows companies to set industry-specific […]

Filed Under: Compliance and Regulations, Insurance, Press Releases Tagged With: Adherence Compliance, Cannabis Insurers, Compliance & Regulations

Believe It or Not, Marijuana Inventory Is Insurable – For Now

March 1, 2016 by AggregatedNews Leave a Comment

Pesticide Marijuana Legal Marijuana Insurance Organized Labor California Seasonal Harvest Denver Industrial Buildings

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 […]

Filed Under: CBE Policy & Employment Law updates, Industry News, Insurance Tagged With: Insurance

Marijuana in Wonderland: Making Sense of a Judge’s Anti-Cannabis Ruling

April 21, 2015 by John Hollon 1 Comment

Barry Gainsburg Cannabis career Anti-Cannabis Ruling

By Barry Gainsburg “When I use a word,’ Humpty Dumpty said in rather a scornful tone, ‘it means just what I choose it to mean — neither more nor less.’ ” —  Lewis Carroll, from Through the Looking Glass Last week, the U.S. District Court in Northern California declined to declare the federal classification of marijuana […]

Filed Under: Ads (Business Directory), Ads (Featured Employers & Jobs), Advertising, Marketing, PR & Research, Alabama, Alaska, Arizona, Arkansas, Ask CBE, Banking, Finance & Real Estate, Best Practices, Business Directory, California, Canada, Cannabis Investments, Cannabis Tourism, Cartoons, CBE Policy & Employment Law updates, CBE PSA emails, CBE Technology & Solutions, CBE Week, Colorado, Company Stories, Compliance and Regulations, Connecticut, Consumption Gear & Accessories, Cultivators, D.C., Delaware, District of Columbia, Edibles & Infused Processors, Editor's, Featured Videos, Florida, Georgia, Guam, Hawaii, Hemp Business Executive, HotLists, HR and Staffing, Human Capital Management, Idaho, Illinois, Indiana, Industry Jobs, Industry News, Industry People, Insurance, International, Iowa, Kansas, Kentucky, Lab Testing, Letters to the Editor, Louisiana, Maine, Maryland, Massachusetts, Mexico, Michigan, Minnesota, Mississippi, Missouri, Montana, More, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, Newsletters, North Carolina, North Dakota, North Of The Border, Ohio, Oklahoma, On the Move, Op-Ed, Opinions, Oregon, Organizations & Associations, Packaging and Supplies, Pennsylvania, Policy & Legal, Press Releases, Processors, Producers, Puerto Rico, Resources, Retailers, Rhode Island, Science and Technology, Security Solutions, South Carolina, South Dakota, South Of The Border, Spotlight, Tennessee, Texas, The Buck Stops Here, Training & Education, Uncategorized, Up and Comers, Utah, Vermont, Virginia, Washington, Webinars, West Virginia, Wisconsin, Wyoming Tagged With: Federal legalization, marijuana legalization

The Apple Doesn’t Fall Far From the Tree: Cannasure Insurance Services

April 6, 2015 by Rob Meagher 1 Comment

Cannasure Insurance

After graduating from the University of Dayton, Patrick McManamon went to work for a national investment business before joining his father and the family insurance business, McManamon Insurance, based in Cleveland, Ohio in 2002 as an account executive. By 2004, Patrick was promoted to President and continued his preparation to eventually take over the operation […]

Filed Under: Company Stories, Insurance

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