Insuring cannabis News

Takeaways from Our Conversation on Captives for Cannabis

Want further proof the cannabis industry is no longer the “red-headed stepchild” it is too often viewed as? Just ask TJ Frost? Frost is president of Symphony Grow, which recently launched a captive program that Frost seed as evidence that …

German Cannabis Legalization Uncertainty Is Spooking Investors

Investors in Germany’s cannabis sector are holding back and some startups risk running out of cash amid uncertainty over whether a partial legalization of the drug for recreational use will take effect as planned on April 1. After the ruling …

Takeaways from Our Conversation on Q1 2020 in Insuring Cannabis

Cannabis had a bit of a down year last year, but 2024 holds some hope for continued growth – maybe even a return to semblances of the old pace. As we head into the final month of the first quarter, …

Cannabis Sales Outlook Promising for Insuring Cannabis Specialists

A new report shows global legal cannabis spending grew to $36 billion in 2023, and more importantly, that languishing sales in longer-legal states may soon start to swing back up – two big, encouraging signs for insuring cannabis specialists. BDSA, …

Germany Passes Law Legalizing Personal Use of Cannabis

German lawmakers approved a controversial bill legalizing personal use of cannabis, paving the way for controlled consumption of the drug from April 1. The legislation introduced by Chancellor Olaf Scholz’s government — a first step toward a planned broader legalization …

Germany to Approve Cannabis Bill This Week in Legalization Drive

German lawmakers will approve delayed legislation decriminalizing personal use of cannabis this week, paving the way for it to take effect on April 1, according to Health Minister Karl Lauterbach. The law, set to pass the lower house of parliament …

Takeaways from Our Conversation on Selling Insurance to Cannabis Businesses in Newly Legal States

It’s a new year, and one thing we can look forward to is more new states bringing their cannabis markets online. For insurance professionals, new states offer the challenges of new regulations and new clients to explain the complex world …

Cannabis Insurance Specialists See Optimism in 2024 Data, Planning for Growth and More Capacity

From a broad view, data from the cannabis industry fails to paint an informative picture of what lies ahead for the business in 2024 or what the year holds for insurance professionals specializing in servicing the sector. Despite a prevailing …

Takeaways from Our Conversation with Insuring Cannabis Pro About His Son’s CBD Trial

Erich Schutz has been a cannabis insurance specialist since around the time it first became legal, dropping into a competitive business with acumen, knowledge and passion. He even adopted a “cannabis ninja” nickname. Schutz, vice president and cannabis practice leader …

Takeaways from Our Conversation on SAFER Banking and What it Means for Cannabis Insurance Specialists

SAFE Banking was a much-introduced and more often-sidelined federal bill to provide a safe-harbor for banks doing business with cannabis operators. The new manifestation, the Secure and Fair Enforcement Regulation Banking Act, or the SAFER Banking Act, would ensure that …