Cannabis business insurance News

Kansas Won’t Legalize Medical Marijuana for at Least a Year

TOPEKA, Kan. (AP) — Kansas will remain among the handful of states that haven’t legalized the medical use of marijuana or expanded their Medicaid programs for at least another year. Republican state senators on Friday blocked efforts to force debates …

Alabama DOI Needs Insurers to Light Up the Nascent Medical Pot Business in the State

Alabama lawmakers legalized medical marijuana two years ago this month. But it came with a high hurdle: Dispensaries, growers, processors and other license applicants must have at least $2 million of liability and casualty insurance. Now, the Alabama Department of …

Missouri’s POWERS Insurance & Risk Management Launches Emerging Risks Unit

POWERS Insurance and Risk Management, headquartered in St. Louis, Missouri, has launched an emerging risks division. This new sector will focus on insurance risk strategies that are aligned with cyber, technology, cannabis and green energy, the company said. JD Powers, …

California Approves New Product Liability Program for Cannabis Industry

California Insurance Commissioner Dave Jones announced on Wednesday he has approved a new product liability and product recall program for the cannabis industry in California. This new cannabis insurance policy, offered by Continental Heritage Insurance Co., provides product liability and …