Cannabis insurance is both necessary for cannabis entrepreneurs and business owners but hard to acquire. Due to the federal illegality of many weed businesses, owners find it difficult to navigate the complexities of insuring their assets. Read on to find out more about cannabis insurance:
Wed / Jul 8th
Cannabis companies are paying insurance rates that are up to seven times higher than other industries with many citing a rise in U.S. lawsuits against publicly traded cannabis firms.
Wed / Jul 1st
John Salley, former NBA player turned entrepreneur, has teamed up with insurance industry veteran Daron Philips to launch The Cannabis Plan with National Insurance Partners.
Tue / Feb 11th
The USDA created a pilot hemp insurance program that covers against loss of yield for hemp grown for fiber, grain, or CBD; the agency also gave hemp farmers access to the federal Noninsured Crop Disaster Assistance Program.
Mon / Jan 13th
Cannabis business insurance from the American Association of Insurance Services has been expanded into Nevada, which is the third state to approve the insurance program alongside Colorado and California.
Thu / Dec 26th
The new insurance option will only apply to federally-eligible hemp producers in select counties and states, however.
Thu / Aug 29th
Hemp farmers can file for federal crop insurance under a new directive from the United States Department of Agriculture.
Wed / Jul 24th
As part of a bipartisan effort in the U.S. Senate, New Jersey Sen. Robert Menendez has proposed a bill aiming to open up business insurance opportunities for state-legal cannabis companies.
Mon / Jan 14th
The cannabis industry lobbying organization is bringing more lobbyists onboard to pressure for passage of the STATES Act this session.
Mon / Dec 17th
The Oregon Department of Agriculture (ODA) is being urged by the Oregon Farm Bureau to consider regulations regarding pesticide drift… Read More
Mon / Nov 19th
Hopeful future cannabis retailers of Ontario are racing to make sure they have the necessary security and insurance protections for… Read More
Wed / Oct 24th
A bill being considered by the New York state legislature could add medical cannabis to the list of medicines covered… Read More
Wed / May 16th PODCAST
Doug Esposito is the Cannabis Practice Leader for Owen-Dunn Insurance Services, a Sacramento-based shared partners brokerage. In the following interview,… Read More
Wed / Apr 25th
California Insurance Commissioner Dave Jones sent a letter last week to the state’s insurers urging them to offer insurance products… Read More
Tue / Mar 20th
A cannabis cultivator in Carpinteria, California has won a $1 million insurance payout after ashes from the Thomas Fire destroyed… Read More
Thu / Dec 28th PODCAST
Michael Senderovich is the founder and president of Zeyger Insurance Services, a California insurance brokerage working with cannabis companies despite… Read More
Thu / Oct 12th
Several cannabis farms in Mendocino County, California have fallen victim to wildfires, which have grown increasingly severe throughout the state… Read More
Fri / Sep 15th PRESS RELEASE
Business insurance is important — but for cannabis operators and even companies that are ancillary to the industry itself, it… Read More
Tue / Jul 4th
The launch of Hawaii’s medical cannabis program faces more delays after the Hawaii Employers’ Mutual Insurance Company (HEMIC) announced last… Read More
Thu / Nov 24th
While mainstream insurance carriers such as State Farm Insurance, George Petersen Insurance Agency, and Wells Fargo Insurance Services have yet… Read More
Tue / Jul 14th
A New Mexico court of appeals has again upheld a workers compensation decision stating that an injured employee must be… Read More
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