cannabis industry News

A $29 Billion Weed Market Fights to Diversify Amid Legal Hurdles

Michael Diaz-Rivera’s experience simultaneously represents the promise and failure of social equity licenses for the cannabis industry. Diaz-Rivera’s conviction in 2006 for marijuana possession made him eligible when Colorado agreed in 2020 to set aside licenses for members of historically …

Banking Failures Are Hitting Weed Companies, Too

Crypto isn’t the only edgy new industry being roiled by the collapse of several banks. US companies that deal directly with cannabis, a federally illegal substance, are already shut out of large banks. So these companies have increasingly found support …

Insuring Cannabis Summit: Newly Legal States Could Yield $6B in Next 5 Years

Editor’s note: This is part of a series of articles based on panels and presentations during Insurance Journal’s 2020 Insuring Cannabis Summit on Nov. 19. There’s big money, and big opportunity for cannabis service and product providers, such as insurance …

Cannabis Risk Management Group Plans to Offer Insurance Program

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 …

Workers’ Comp Claims in Colorado’s Cannabis Industry Not as High as You Think

It’s a safe bet that there are a number of those among us who envision workers in the marijuana industry as mostly a bunch of mellow bud-blazers haphazardly performing the daily tasks of trimming, potting, transporting or selling cannabis. Those …

Bill Would End Federal Criminal Penalties for Marijuana

Oregon Sen. Ron Wyden proposed legislation Friday that would give states a free hand to allow legal cannabis markets without the threat of federal criminal intervention, the latest push in Congress to bolster the nation’s burgeoning pot industry. The proposal, …

Oklahoma Quickly Becoming a Hotbed for Medical Marijuana

The rollout of statewide medical and recreational marijuana programs typically is a grindingly slow process that can take years. Not so in Oklahoma, which moved with lightning speed once voters approved medical cannabis in June. The ballot question received 57 …

Atlas General Insurance Services Launches Workers’ Compensation Program for the Cannabis Industry

San Diego, CA, August 30, 2018– Leading national program administrator, Atlas General Insurance Services, LLC, announced today its new workers’ compensation program for the cannabis industry in California. This exclusive program with Accredited Surety and Casualty Co. can accommodate work …

$1.99 Cannabis Training Courses for Insurance Professionals

MyCEcourse Launches New Express Training Courses for An Evolving Cannabis Industry Rancho Cordova, CA, August 8, 2018 – MyCEcourse announces a new way to provide insurance brokers looking to enter and service the cannabis industry with online courses they can …

Alaska Marijuana Business License Applications Outpacing System

The number of applications for marijuana business licenses is outgrowing the Alcohol and Marijuana Control Office’s approval system. The Fairbanks Daily News-Miner reports a May 8 Marijuana Control Office spreadsheet says there are 467 applications being processed with another 46 …