Insuring cannabis News

Takeaways from Our Conversation with a Specialist Who Focuses on Baby (New) Cannabis Companies

In sales, you always hear about the big fish. For one, catering to new companies, or what some would call business babies or startups, takes a lot of work for less return. However, Danielle Hernandez has built her business on …

Summit: Insuring Cannabis Specialists Talk Trends, Risks and Coverage Challenges

Unique vapes, infused cocktails and even personal hygiene items — the variety of new and emerging cannabis products is a clear sign the industry is maturing and innovating. And more importantly for insurance professionals specializing in the cannabis space, insurance …

Takeaways from Our Conversation on Hemp Market’s Growth Potential

Hemp is often a sidenote in conversations about the cannabis industry, but hemp has far greater growth potential than most people probably think. That’s according to a new report out that shows hemp along is a $350 billion market based …

Takeaways from Our Conversation on Michigan Cannabis Sales

Michigan cannabis sales are a great story. Sales there reached another record in July, hitting $277 million for the month, and look to head well over $3 billion for the year. What’s going on there? The state is still fairly …

Takeaways from Our Conversation on Reps & Warranties in a Changing Cannabis Market

Go back just a few years to 2019-2020, when cannabis stocks started to really hit the market in the United States and Canada. Everyone was jumping in. It was the green rush, but in retrospect, a few of those public …

Takeaways from Our Conversation on Insurance Conditions for Cannabis

Some cannabis insurance brokers are lately reporting better conditions for their cannabis clients – such as lower rates, better terms. It’s too early to say whether their cannabis clients are getting better rates thanks to a maturing industry with a …

German Cabinet Passes Landmark Bill Over Legal Cannabis Use

Germany’s cabinet passed a contentious bill on Wednesday to legalize recreational marijuana use and cultivation, one of the most liberal cannabis laws in Europe that could potentially provide further momentum for a similar worldwide trend. The legislation, which still has …

Takeaways from Our Conversation on Insurtechs in Cannabis

You don’t hear a lot about insurtechs and cannabis, but one firm aims to change that paradigm. SquareRisk principals say they aim to transform the wholesale distribution model for specialty insurance, building partnerships with more than 15 specialty insurance carriers …

Takeaways from Our Conversation on Cannabis Operators Custom Fortifying

Dispensary entrepreneur Adam Fong got tired of having his San Rafael, California operation being broken into. The business suffered five break-ins starting in 2019, with the biggest loss coming from the first theft – $10,000 worth of product and $20,000 …

Amwins Report Keys on Disruption in Cannabis Space

The disruption in the cannabis space is having an impact on that insurance specialty from coast to coast, a new report out from Amwins shows. The report, Amwins State of The Market Report 2023: A Focus on the Cannabis Market, …