CLAIM Act News

Takeaways from Our Conversation on Insuring Cannabis in 2022

Insurance rates in key lines for cannabis businesses may be heading up 10% or more next year. That was one of the predictions made by an expert in the final Insuring Cannabis podcast of the year in which we interviewed …

Opinion: Garland’s Appointment a Beacon in Cannabis Insurance Space

Joe Biden’s election as President of the United States and the Democrats’ reclamation of control of the U.S. Senate may well have far-reaching effects on the U.S. cannabis industry, including, but not limited to, ultimately impacting what insurance coverage is …

High Hopes, Higher Hurdles for Pro-Cannabis SAFE Banking Act

Regardless of the odds facing a bill designed to enable regular banking and financial services for cannabis business, some experts are encouraged by passage through the House of something that would greatly benefit the insurance and cannabis industries. The U.S. …

Cannabis Risk Management Group Wants to Impact Claims Via Best Practices

Buying some green bud at a dispensary shouldn’t be much different than purchasing a green pepper at the supermarket. That’s how Rocco Petrilli, a long-time insurance and risk management consultant to the auto industry, sees it. Petrilli, like many who …

Clarifying Law Around Insurance of Marijuana Act Would Reduce Gaps, Expert Says

Chris Boden is stoked about the potential of a recently introduced bill in Congress that would create a safe harbor for insurers engaging with cannabis-related businesses. Boden is the cannabis practice group team leader at Crouse & Associates, a wholesale …