Exploding lights is a Hot issue for insurance companies covering cannabis
Nervous insurance carriers offering checklists and recommendations meant to reduce the next grow fire Cleveland based Cannasure Insurance Services is offering an industry first check list for cultivators to help reduce the chance of exploding lights. A checklist is...
National Flood Insurance Unavailable to Cannabis–What are my Options?
If the flood wasn't bad enough. Collecting insurance money will be even worse. The cannabis insurance industry is fraught with complexity and coverage gaps when it comes to buying insurance. Flood insurance is another example of how difficult it is to obtain...
You Cannasure a 180 Change is Coming for Cannabis Insurance
Cannasure Insurance Services Acquired by One80 Intermediaries Change is coming for the cannabis insurance industry. Cannasure Insurance Services ("Cannasure") has evolved from a retail insurance broker to a wholesale broker specializing in cannabis and hemp insurance...
Thieves Impersonating Insurance Inspectors is a Different Kind of Risk
The Colorado Marijuana Enforcement Division has issued a bulletin where it describes individuals impersonating in a fraudulent manner an inspection of a licensed cannabis business. Their goal is to obtain images of fire extinguishers, exit signs, alarms, and safes....
Comparing Insurance Companies When Buying Theft Coverage for your Cannabis
Cannabis retailers, growers, and manufacturers have a real need to protect their product from theft. Stores in particular have a high degree of risk because they're open to the public. Imagine as the owner robbed during business hours submits their claim has it...
Cannasure Offering “Parametric” Insurance for Cannabis Plants Grown Outdoors
What does it mean and should you buy it? Updated: 05-12-2021 Parametric insurance is now available to cannabis and hemp companies through Cannasure Insurance Services. The first question one should ask themselves is what is "Parametric Insurance." According to the...
Colorado Executive Order Allows Cannabis and Hemp Curbside Pickup
Governor Jared Polis has signed an executive order due to the impact of the coronavirus allowing medical and recreational stores to accept online, phone, and curbside pick up. The emergency rules are effective for the next 120 days. Please read the rule changes in...
Coronavirus Live Insurance Blog Update for Cannabis and CBD Companies
Covid-19 Cannabis Insurance: Latest News and Updates Is it Covered? Understanding if Business Income and Extra Expense would pay for Coronavirus Damages Do you have Business Personal Property and Business Income and Extra Expense What is the approximate cost of...
Prices for Product Liability just Increased Vitamin E Acetate Removed from Coverage
Cannabis Licensees will pay more for insurance due to dangerous and deadly vaping-related respiratory illnesses Cannabis licensees will pay more for product liability insurance Vitamin E Acetate is being added to a growing list of ingredients insurance...
Voluntary Product Recall for Vape Pens by Colorado Cannabis Licensee
Medicine Man Pulls Vape Products with Propylene Glycol or Vitamin E Acetate Off Shelves Colorado based Medicine Man issues press release removing vape pens off their shelf if ingredients include propylene glycol or vitamin E acetate Voluntary recalls might be a...
Coronavirus Live Insurance Blog Update for Cannabis and CBD Companies
Covid-19 Cannabis Insurance: Latest News and Updates Is it Covered? Understanding if Business Income and Extra Expense would pay for Coronavirus Damages Do you have Business Personal Property and Business Income and Extra Expense What is the approximate cost of...
Deaths and Respiratory Issues from Vaping Devices will cause Insurance Carriers to Contemplate Product Liability Coverage
Could the Use of Cannabis Vaping Devices be the Next Wave of Insurance Claims?Today, the California's Cannabis Industry Association (CCIA) issued a statement responding to recent respiratory issues caused by vaping devices. There have been 60 reported cases in...
Cannabinoid Hyperemesis Syndrome Illness Leaves Industry Wondering about Insurance Protection
Cannabis Customers Experience Abdominal Pain and Vomitting We investigate the world of insurance to determine if product liability insurance would protect cannabis stores, growers, and manufacturers from Cannabinoid Hyperemesis Syndrome ("CHS"). In case you're...
Cannabis Retailers Want Manufacturers to Cover them from Liability through Insurance
Cannabis stores may not realize most carriers are saying no coverage for vape pen batteries The latest insurance trend in the cannabis industry has to do with cannabis stores requiring their manufacturers to include them as additional insureds for product...
Directors & Officers Insurance to Attract Better Talent at your Cannabis Company
Corporate Executives Want Protection from Personal Liability before Working at Cannabis CompaniesIn this article we discuss how important it is for cannabis companies to purchase Directors & Officers Insurance to attract talented and highly skilled cannabis...
Budtenders Must Consider Liabilities Colorado MED’s Morning Sickness Bulletin
Recommendation Could Trigger Liability Claim for NegligenceThe Colorado Marijuana Enforcement Division's ("MED") recent bulletin 18-06 REPORTS OF LICENSEES MAKING RECOMMENDATIONS FOR PREGNANCY-RELATED MORNING SICKNESS could result in other issues for those...
RICO Lawsuit Covered on Cannabis General Liability Insurance?
Insurance Committee Indicates RICO Covered by General Liability Insurance A recent report issued by the National Cannabis Industry Association Finance and Insurance Committee ("committee") indicates lawsuits filed under Racketeer Influenced and Corrupt Organizations...
Buying Insurance in order to repel the Department of Justice
Buying insurance is a standard business practice for every industry A recent article in the Marijuana Business Daily entitled "Finding right insurance is key to any marijuana company’s business plan" discusses how insurance is an important area of compliance and...
New Cannabis Crop Insurance Program Now Offered by Existing Carrier
Great Opportunity to Secure Crop Insurance for your Cannabis Company One of our existing cannabis insurance carriers has expanded their product line and started offering coverage protection for your living plants also known as crop insurance. The coverage is being...
Cannabis Event Requiring Proof of Insurance May Be Worthless
Is that Certificate of Insurance really going to provide coverage at that event? The answer to this question depends on the type of insurance policy you have purchased and specific endorsements that may or may not be included. Most commercial general liability...
Insurance Requirements for California Cannabis Distributor License
California Bureau of Cannabis Control Insurance Requirements for Distributor License The State of California has issued insurance requirements for a cannabis distributor licensee effective January 1, 2018. Other types of licensees did not appear to have such...
Voluntary Product Recall for Vape Pens by Colorado Cannabis Licensee
Medicine Man Pulls Vape Products with Propylene Glycol or Vitamin E Acetate Off Shelves Colorado based Medicine Man issues press release removing vape pens off their shelf if ingredients include propylene glycol or vitamin E acetate Voluntary recalls might be a...
Arson at New Cannabis Store in Cortez Colorado
Reward Offered leading to Conviction of ArsonistCortez, Colorado. A $500 reward is being offered leading to the arrest and conviction of those who may be responsible for setting fire to Chronic Therapy's retail cannabis store. Chronic had recently celebrated...
Why was a Widow Denied 50% of Workers Compensation Benefit?
"Presence" of THC could be a contributing factorThe tragic articles of a husband, Adam Lee who was killed while working on a ski elevator and tested positive for cannabis has left his wife, Erika Lee wondering why she's receiving a 50% reduction in survivor's benefits...
Voluntary Product Recall for Vape Pens by Colorado Cannabis Licensee
Medicine Man Pulls Vape Products with Propylene Glycol or Vitamin E Acetate Off Shelves Colorado based Medicine Man issues press release removing vape pens off their shelf if ingredients include propylene glycol or vitamin E acetate Voluntary recalls might be a...
Arson at New Cannabis Store in Cortez Colorado
Reward Offered leading to Conviction of ArsonistCortez, Colorado. A $500 reward is being offered leading to the arrest and conviction of those who may be responsible for setting fire to Chronic Therapy's retail cannabis store. Chronic had recently celebrated...
Why was a Widow Denied 50% of Workers Compensation Benefit?
"Presence" of THC could be a contributing factorThe tragic articles of a husband, Adam Lee who was killed while working on a ski elevator and tested positive for cannabis has left his wife, Erika Lee wondering why she's receiving a 50% reduction in survivor's benefits...