August 5, 2024 / Blog
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...
July 29, 2024 / Blog
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...
July 22, 2024 / Uncategorized
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...
July 18, 2024 / Blog
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...
July 15, 2024 / Blog
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...
July 11, 2024 / Blog
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...
July 5, 2024 / Blog
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...
July 3, 2024 / Blog
What Does the Reclassification of Cannabis Mean? After years of speculation, the Associated Press (AP) announced a couple of months ago that the U.S. Drug Enforcement Administration (DEA) will move to reclassify cannabis from a Schedule I to a...
June 26, 2024 / Blog
Ohio is moving from a medical marijuana market to one that includes recreational sales. However, the state’s approach differs from others, with uncertainties about the start date for sales and a unique priority for licensing. Uncertainty Around the Start...
June 19, 2024 / Blog
House Republicans have recently removed a key provision protecting cannabis banking from a federal spending bill. This decision came just ten days after the bill passed a House of Representatives subcommittee. Original Banking Protections Financial Services and General Government...