The Unusual Bedfellows of President-Elect Biden, Cannabis and the Insurance Market November 16, 2020 Mikaela Whitman Insurance, Policy & Legal 0 Comments By: Mikaela Whitman and Jacquelyn Mohr In recent years, the cannabis industry has experienced unprecedented growth and transformation. In 2017, the cannabis industry generated nearly $9 billion in annual sales and by 2022, some project that number will increase to an… Read More→
Cannabis Firms See Jump in Insurance Costs to Protect Leaders as Investors Sue July 8, 2020 AggregatedNews Insurance 0 Comments TORONTO — Canadian and U.S. cannabis companies are facing a spike in already high costs of insurance to protect top executives from personal liability, following a slew of lawsuits by disgruntled investors alleging fraud and misinformation, with more such action… Read More→
The Impact of the COVID-19 Crisis on Cannabis Business Insurance April 20, 2020 Nick DiUlio Coronavirus, Insurance 0 Comments It has become painfully clear that the current Coronavirus pandemic has not left a single sector of American business untouched, and that includes the United States’ burgeoning legal cannabis industry. While many cannabis businesses across the country have remained open—a… Read More→
Managing employer risk in the age of the coronavirus – Part 1 April 17, 2020 AggregatedNews Coronavirus, Insurance 0 Comments Companies that address federal and state worker safety obligations could see fewer claims and fare better in litigation. During a pandemic, the transmission of infectious disease can be anticipated not only in healthcare settings but also in many types of… Read More→
Anatomy of a Cannabis Insurance Policy: Exclusions February 14, 2020 AggregatedNews Insurance 0 Comments By Jonathan Bench, Attorney @ Harris Bricken Previously I wrote about insurance generally (see here) and products liability insurance specifically (see here). Today I want to look at some policy exclusions to point out potentially problematic terms that you may… Read More→
USDA Announces Details of Risk Management Programs for Hemp Producers February 6, 2020 AggregatedNews Insurance, Press Releases 0 Comments PRESS RELEASE WASHINGTON, D.C., February 6, 2020 – The U.S. Department of Agriculture (USDA) today announced the availability of two programs that protect hemp producers’ crops from natural disasters. A pilot hemp insurance program through Multi-Peril Crop Insurance (MPCI) provides… Read More→
Vaping Crisis Implications for Cannabis Industry Regulation and Risk Management January 27, 2020 Matt Engle Insurance, Vaping Crisis 0 Comments The vaping industry is under fire after an increasing number of injuries and deaths have been linked to the use of vaping products. The growing crisis has major implications for the cannabis industry from both a regulatory and risk management… Read More→
Cannabis Business Basics: Product Liability Insurance is a Nonnegotiable Priority October 23, 2019 AggregatedNews Insurance 0 Comments 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… Read More→
Cannabis Industry Continues to Mature, But Getting Title Insurance Still Problematic October 18, 2018 Leo Aubel Insurance, Policy & Legal 0 Comments 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… Read More→
California cannabis company receives historic $1 million insurance payout following fire April 8, 2018 AggregatedNews Insurance 0 Comments 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… Read More→
Too Stoned to Drive? Lawmakers Struggling to Find a Sure-Fire Test to Tell – Part 1 of 2 August 8, 2017 Lee Prindle Compliance and Regulations, Insurance 0 Comments (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… Read More→
Canna Business 101: Insurance Coverage Options September 30, 2016 Steven Schain Banking, Finance & Real Estate, Insurance, Policy & Legal 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… Read More→
Adherence Compliance Launches Automated Cannabis Insurance Program Available in 12 States April 6, 2016 Press Release Compliance and Regulations, Insurance, Press Releases 0 Comments 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… Read More→
Believe It or Not, Marijuana Inventory Is Insurable – For Now March 1, 2016 AggregatedNews CBE Policy & Employment Law updates, Insurance, News & Insights 0 Comments 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… Read More→
The Apple Doesn’t Fall Far From the Tree: Cannasure Insurance Services April 6, 2015 Rob Meagher Company Stories, Insurance 1 Comment 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,… Read More→