A cannabis growing company has lost its bid to have its insurer cover $1.3 million in claimed business income losses after a building fire damaged almost 1,000 of its marijuana plants and shuttered one of its “flowering” rooms. A federal …
In Florida’s weed wars, the big money is going against Governor Ron DeSantis and the financier of his anti-cannabis crusade, billionaire Ken Griffin. The Citadel founder has funded about half of the campaign against a referendum on legalizing recreational marijuana …
International treaties preempt state-based legal actions, giving an air transport company an escape from claims on what a hemp producer said was botched paperwork for an overseas hemp shipment, a federal appeals court said. The ruling by the U.S. 4th …
Investors in Germany’s cannabis sector are holding back and some startups risk running out of cash amid uncertainty over whether a partial legalization of the drug for recreational use will take effect as planned on April 1. After the ruling …
German lawmakers approved a controversial bill legalizing personal use of cannabis, paving the way for controlled consumption of the drug from April 1. The legislation introduced by Chancellor Olaf Scholz’s government — a first step toward a planned broader legalization …
German lawmakers will approve delayed legislation decriminalizing personal use of cannabis this week, paving the way for it to take effect on April 1, according to Health Minister Karl Lauterbach. The law, set to pass the lower house of parliament …
Data and technology are becoming more important to the cannabis market as it matures, and insurance professionals specializing in the segment would benefit from keeping that at top of mind. A group of experts gathered during Insurance Journal’s Insuring Cannabis …
Germany’s cabinet passed a contentious bill on Wednesday to legalize recreational marijuana use and cultivation, one of the most liberal cannabis laws in Europe that could potentially provide further momentum for a similar worldwide trend. The legislation, which still has …
The North American managing general underwriter CannGen Insurance Services (CannGen) has launched a European operation amid expectations that the continent’s legal cannabis market is set for substantial growth. CannGen Insurance Europe SRL (CGEU) now operates as a property/casualty MGU, providing …
Germany’s ruling coalition presented a scaled-back plan to decriminalize personal use of cannabis in Europe’s largest economy. The proposal would allow adults to possess as much as 25 grams (0.9 ounce) of marijuana and join nonprofit “social clubs” to purchase …
