Recreational and medical marijuana is now legal in the state of Michigan. If you are starting a cannabis business, be sure to acquire cannabis insurance in Michigan early on. There are a variety of cannabis insurance products available for your growing cannabis operation. Each product provides a
What Cannabis Insurance Covers in Illinois
The Illinois marijuana market may rival Colorado’s in upcoming years, according to cannabis research firm Brightfield Group. In June 2019, Illinois became the 11st state to legalize the use and sale of recreational marijuana for adults. Medical marijuana is also available to eligible patients and is
How Cannabis Edibles are Quickly Increasing Liability Risks
From gummy snacks to chocolate bars, cannabis-infused goods have become a highly popular trend in recent years. In fact, more than $180 million was spent on cannabis-infused food and drinks in California alone in 2016, according to Green Entrepreneur. Studies from Technavio show that the global
A Look at the Rise of the Cannabis Industry in 2019
Unless you have been living under a rock, you probably already know about the swift rise of the cannabis industry. More and more U.S. states are legalizing cannabis for recreational and/or medicinal use as health professionals continue to praise its benefits as a medical product for treating
The Current State of Cannabis Legalization in the US
In 1996, California became the first state in the US to legalize medical marijuana. Since then, many states have made great strides in legalizing both recreational and medical marijuana, however, what products are legal in each state varies widely. While some places like California offer many types
Why Marijuana Cultivators Need to Acquire Cannabis Insurance
Marijuana has become big business in recent years and marijuana cultivators play a critical role in the process. Cannabis requires certain conditions to thrive, including sufficient nutrients, a strict pH balance, warmth, light, water, and ideal levels of humidity. From germination to flowering,
Cannabis Insurance Policies Cannabis Companies Should Consider
While cannabis companies are becoming more commonplace in today’s society, there continue to be some serious business risks involved. Marijuana laws are changing at a rapid rate but the drug is still not legal in all 50 states. As no two states’ regulations are exactly alike, it can be challenging
Benefits of Product Liability Insurance for Marijuana Dispensaries
If you own or operate a marijuana dispensary, you are probably already aware of the various risks involved. Without the right insurance policies under your belt, your business could be left vulnerable to a wide range of risks and liabilities. Product liability insurance is one such policy you should
What Kind of Insurance Do I Need for My Dispensary?
Cannabis legalization has made great strides in recent years. In fact, marijuana is now legal for recreational use in ten states and Washington, DC, as well as legal for medical purposes in 33 states. Moreover, as of May 2019, a total of 15 states have decriminalized marijuana. With the demand for