National Cannabis Risk Management Association News

Takeaways from Our Conversation on Cannabis Risk Management

Some organizations view risk management as merely slowing down and planning before proceeding, while others make it a key organizational building block. Risk management in the cannabis industry is still new, and underdeveloped, according to one expert on the topic. …

With Federal Legalization Expected, Cannabis Insurers Quietly Get Ready to Roll

Insurers are quietly gearing up for a potential ten-fold increase in sales to the booming $17.6 billion-a-year cannabis industry as Congress inches closer to legalizing pot at the federal level. While 36 U.S. states and the District of Columbia have …

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 …

Top Risks Facing Cannabis Industry in 2020 Not What You Think

On the tail-end of what turned out to be an extremely risky year for cannabis companies, one must wonder what 2020 has in store for a quasi-legal industry that is contending with a vaping crisis, contentious politics at all levels …

Cannabis Risk Management Group Wants to Impact Claims Via Best Practices

Buying some green bud at a dispensary shouldn’t be much different than purchasing a green pepper at the supermarket. That’s how Rocco Petrilli, a long-time insurance and risk management consultant to the auto industry, sees it. Petrilli, like many who …