Latest Cannabis Headlines
All the headlines from our Cannabis Topic Page, ordered by recency.
U.S. Legal Cannabis Sales Hit Record $17.5B as Legislation Transforms Insurance Outlook
May 6 2021 // A new report highlights the opportunity for insurers in cannabis. New Dawn Risk launched its latest white paper on insurance for the U.S. legal cannabis, CBD and hemp markets. The 2021 report is called “Opportunity...
Louisiana House Passes Bill to Expand Medical Marijuana Program
May 4 2021 // Patients in Louisiana’s medical marijuana program would be able to smoke raw cannabis, rather than rely on the more processed forms of marijuana currently available, if the Senate agrees to a bill that easily won...
Insuring Cannabis Webinar Take Home: Carriers, Brokers Waiting on Sidelines
May 3 2021 // There may be many more carriers and brokers waiting on the sidelines of the insuring cannabis sector to get in than most may realize. That was among the messages delivered by experts during Insurance Journal’s...
Texas House Passes Bill That Would Expand State’s Medical Cannabis Program
Apr 29 2021 // The Texas House gave approval on April 28 to a bill that would expand the state’s medical cannabis program to include those with chronic pain, all cancer patients and Texans suffering from PTSD. House Bill 1535, by...
Florida Supreme Court Deals Blow to Marijuana Ballot Initiative
Apr 26 2021 // The Florida Supreme Court on Thursday dealt a potentially fatal blow to supporters of a proposed constitutional amendment aimed at legalizing recreational marijuana under certain circumstances. The justices ruled that the...
Insuring Cannabis Webinar Take Home: Carriers, Brokers Waiting on Sidelines
Apr 22 2021 // There may be many more carriers and brokers waiting on the sidelines of the insuring cannabis sector to get in than most may realize. That was among the messages delivered by experts during Insurance Journal’s...
Cannabis Legalization Debate Turns to Questions of Pot Potency
Apr 22 2021 // As marijuana legalization spreads across U.S. states, so does a debate over whether to set pot policy by potency. Under a law signed last month, New York will tax recreational marijuana based on its amount of THC, the main...
Cannabis Risk Management Group Rolls Out Coverages Through Captive
Apr 20 2021 // A cannabis risk management group through its captive is rolling property, general premises liability and product liability coverage to cannabis dispensaries and associated grow facilities. The National Cannabis Risk...
Mississippi Supreme Court Hears Arguments on Marijuana Program
Apr 16 2021 // The Mississippi Supreme Court heard arguments Wednesday in a lawsuit that’s trying to block a voter-approved medical marijuana program by disputing how the issue got onto the ballot. Arguments were not about...
N.J. Supreme Court Upholds Order to Reimburse Workers’ Comp Claimant for Marijuana
Apr 15 2021 // The New Jersey Supreme Court on Tuesday ordered a construction company to reimburse a workers’ compensation claimant for marijuana that was prescribed to relieve his back pain caused by a work injury. The high court...
Mississippi Supreme Court to Hear Challenge to Medical Marijuana Initiative
Apr 14 2021 // The Mississippi Supreme Court is set to hear arguments Wednesday in a lawsuit that challenges the state initiative process and seeks to block development of a medical marijuana program. Voters in November approved...
Alabama House Committee Advances Medical Marijuana Bill
Apr 9 2021 // A medical marijuana bill on Wednesday cleared its first major hurdle in the Alabama House of Representatives. The House Judiciary Committee approved the bill after lengthy debate and multiple amendment attempts. The bill...
Virginia Becomes First Southern State to Legalize Marijuana
Apr 9 2021 // Virginia became the first Southern state to legalize marijuana Wednesday, as lawmakers voted to approve Governor Ralph Northam’s proposed changes to a bill that will allow adults to possess and cultivate small...
Cannabis Broker Spotlight: Kamel with All-Risks Got into the Budding Business to Help a Friend and He Hasn’t Regretted It
Apr 8 2021 // Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips...
New York is Latest State to Legalize Recreational Marijuana
Apr 8 2021 // New York adults over the age of 21 can now possess and use marijuana – even in public – under a legalization bill signed by Governor Andrew Cuomo, though legal sales of recreational-use cannabis won’t...
South Carolina Lawmaker Expects Medical Marijuana Bill to Pass
Apr 6 2021 // A bill that would allow medical marijuana use in South Carolina has again made it to the Senate floor, and the Republican lawmaker who has pushed unrelentingly for the proposal for the past seven years said he thinks it...
Medical Marijuana Bill Advances in Kansas
Mar 31 2021 // Kansas medical marijuana supporters have found support from some conservative Republican legislators, allowing a proposal to advance on March 29 after weeks of deliberations. Some Republicans say they have been motivated...
Minnesota Recreational Marijuana Bill Advances in House
Mar 26 2021 // Minnesota lawmakers have advanced a proposal that would allow recreational marijuana use for adults and automatically expunge minor convictions related to cannabis, inching the state closer toward legalization. The...
RICO Suit against Colorado Cannabis Firms Highlights D&O Dearth
Mar 23 2021 // A scarcity of directors and officers coverage for cannabis companies may be take an even bigger spotlight following a Colorado lawsuit in which two large cannabis operators and several executives are accused of illegally...
Investing in the Cannabis Industry: No Longer a Pipe Dream
Mar 22 2021 // This post is part of a series sponsored by Worldwide Facilities, LLC. In 2020, cannabis spending hit $29 billion. By 2024, global cannabis market revenues are expected to surpass $42 billion. As a result of all this spend,...
