Canadian and U.S. cannabis companies are facing a spike in already high costs of insurance to protect top executives from personal liability, following a slew of lawsuits by disgruntled investors alleging fraud and misinformation, with more such action expected. Some …
The cannabis business is a frontier industry that continues to offer no shortage of unique challenges to regulators, as well as boundless questions for industry watchers and ancillary businesses like insurance. Key questions may include: What insurance coverage is most …
A national group offering risk management advice to the cannabis industry says it is creating a casualty insurance program to provide its members with insurance. The National Cannabis Risk Management Association (NCRMA) announced it is starting the process of registering …
Marijuana is already a multibillion-dollar business in the U.S. that’s drawing attention from some lawmakers eager for tax revenue and investors looking for profits. So far, however, some of the biggest insurers are taking a pass. Allianz SE, Hartford Financial …
Westlake, Ohio-based managing general agent and wholesale broker Cannasure Insurance Services (Cannasure) announced it is launching a comprehensive coverage program to support the cannabis industry. The Cannasure program will offer the following coverage lines: Property, General Liability, Products Liability, Crop …
Washington Attorney General Bob Ferguson says the state is ready to fight if necessary to keep its legal marijuana. Ferguson made the comments after White House spokesman Sean Spicer suggested during a press briefing that President Donald Trump’s administration might …
