marijuana News

Washington’s Legal Cannabis Farms Reopen After Pesticide Concerns Halted Operations

A big mound of fresh dirt sits at Terry Taylor`s marijuana farm in the high desert of north-central Washington state. Each hole for a new plant gets filled with the clean soil. Large swaths of recently installed landscape fabric cover …

Markets/Coverages: U.S. Cannabis-Focused MGU Opens for Business in Europe

The North American managing general underwriter CannGen Insurance Services (CannGen) has launched a European operation amid expectations that the continent’s legal cannabis market is set for substantial growth. CannGen Insurance Europe SRL (CGEU) now operates as a property/casualty MGU, providing …

New Hampshire Governor Sununu Urges State-Run Marijuana Shops

A day after New Hampshire legislators rejected the latest attempt to legalize recreational marijuana in the state, Gov. Chris Sununu – a potential Republican presidential candidate – proposed a path forward that is similar to how the state controls liquor …

Louisiana Lawmakers Kill Bill to Decriminalize Marijuana

BATON ROUGE, La. (AP) – A bill to decriminalize marijuana in Louisiana was short- lived, swiftly dying in committee Tuesday before ever reaching the House floor for debate this legislative session. Democratic state Rep. Candace Newell briefly argued that her …

Germany Inches Toward Legalizing Personal Use of Cannabis

Germany’s ruling coalition presented a scaled-back plan to decriminalize personal use of cannabis in Europe’s largest economy. The proposal would allow adults to possess as much as 25 grams (0.9 ounce) of marijuana and join nonprofit “social clubs” to purchase …

Takeaways from Our Conversation on Insuring Magic Mushrooms

Magic mushrooms are a class of drugs in a promising industry referred to broadly as psychedelics, a market that some believe will reach more than $8 billion in the next few years. Like cannabis, they are considered controlled substances. So, …

Takeaways from Our Conversation on Environmental Risks for Cannabis Operations

In cannabis, there are the apparent risks – product liability, property, and certainly cyber for medical marijuana operations. However, one of the most apparent risks to a cannabis operation are those that may not get as much media coverage. Environmental …

Takeaways from Our Conversation with Cannabis Regulators Group

Model regulations states can follow for their cannabis industries may be just around the corner. Such guidelines are in place for state insurance regulators from the National Association of Insurance Commissioners. The insurance industry has NAIC. Cannabis has CANNRA. The …

Cannabis Vote Has Oklahoma Hungry to Rake in Green From Texas

Tens of thousands of Texans from the bustling Dallas-Fort Worth area routinely drive across the Red River to gamble in glitzy, Las Vegas- style tribal casinos or to relax at cabins or swim and ski in lakes that dot southern …

Takeaways from Our Conversation on the Best Position to Start an Insuring Cannabis Career

The best position that promises the most growth and best opportunities from which to launch a budding insuring cannabis career is? Broker? Claims professional? An informal poll conducted on LinkedIn showed that underwriter was the position of choice to grow …