NCRMA 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. …

Takeaways from Our Conversation about Innovative Products and Services for the Cannabis Industry

We’re seeing a number of new cannabis insurance products being rolled out. Insurers may be gearing up for a potential 10-fold increase in sales to the booming $17 billion-a-year cannabis industry, as Congress potentially inches closer to legalizing marijuana at …

Cannabis Risk Management Group Rolls Out Coverages Through Captive

A cannabis risk management group through its captive is rolling property, general premises liability and product liability coverage to cannabis dispensaries and associated grow facilities. The National Cannabis Risk Management Association announced on Tuesday it is endorsing a suite of …

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 …