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August 5, 2024 / Blog

Hemp Insurance for Retailers

The hemp industry is growing rapidly, and with this growth comes the need for specialized insurance to protect businesses. Hemp retailers, in particular, face unique risks and challenges that necessitate comprehensive insurance coverage. This article explores the key aspects...

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August 5, 2024 / Blog

2024 New Cannabis Insurance Regulations for California

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The regulations total more than 200 pages and can be read at the California Cannabis Portal. These regulations are intended to protect both the cannabis businesses and the insurance providers from legal risks and liabilities. Some of the cannabis...

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July 29, 2024 / Blog

Are States with Legal Marijuana Seeing Safer Roads?

Cannabis-Impaired Driving Rates Lower for Legal States

According to recent studies, states that have legalized marijuana are experiencing a decrease in potentially risky behavior compared to states where marijuana remains illegal. This trend is contributing to a reduction in the number of people driving under the...

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July 22, 2024 / Uncategorized

Cannabis Dispensary Workers’ Comp Essentials

What Is Dispensary Workers’ Compensation Insurance? Dispensary workers’ compensation insurance is a type of insurance policy designed to cover medical expenses, lost wages, and rehabilitation costs for employees who get injured or become ill while working at a cannabis...

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July 18, 2024 / Blog

Marijuana Legalization: Effects on Medicinal Cannabis

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What Is the Effect of Recreational Cannabis Legalization on Medicinal Cannabis? The legalization of recreational cannabis has had a significant impact on the medicinal cannabis industry in the US. As more states legalize recreational use, the lines between medicinal...

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July 15, 2024 / Blog

Tax Challenges for Cannabis-Related Businesses in 2024

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Cannabis-related businesses face significant tax challenges due to the complex legal landscape in the United States. Despite state-level legalization, cannabis remains illegal under federal law, creating unfavorable tax conditions for these businesses. When Did Cannabis Become Subject to Unfavorable...

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July 14, 2024 / Blog

Cannabis Facts in the US

What Are the Facts About Cannabis in the US? Cannabis legalization in the United States is a rapidly evolving landscape. The facts about cannabis use, legality, and market dynamics vary widely across different regions and states. When Did Cannabis...

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July 11, 2024 / Blog

Cannabis Insurance Coverage Gaps: Hazard for Businesses

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What Are the Coverage Gaps in Standard Insurance Policies for Cannabis Businesses? It’s a well-known fact that having basic liability coverage is not enough for cannabis businesses involved in cultivation, sales, and distribution. Standard general liability, property, and renter’s...

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July 5, 2024 / Blog

Maryland Cannabis: 2024 Regulatory and Legislative Updates

What Are the Recent Regulatory Changes? Approval of Emergency Regulations In June 2024, Maryland’s cannabis industry saw significant updates. Emergency regulations were filed with the Joint Committee on Administrative, Executive, and Legislative Review on March 11, 2024, and approved...

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