Cannabis Beverages & Marijuana Liability: A Growing Market with New Risks

Cannabis-infused beverages are one of the fastest-growing segments in the cannabis industry, offering an alternative, discreet, and often low-dose way to experience THC. This increased popularity along with the emergence of on-site consumption lounges, presents new challenges and potential liabilities for business owners. To better understand these exposures, it helps to draw a parallel between […]

Expanding Your Cannabis Book of Business

The legalization of cannabis for medical and recreational purposes has opened up an industry that requires unique and specialized insurance coverage. As a result, there has been an increase in demand for insurance agents who can provide coverage for the cannabis industry. If you are an insurance agent looking to grow your book of business […]

Michigan Marijuana Liability

“The total U.S. economic impact from marijuana sales in 2021 is expected to reach $92 billion – up more than 30% from last year – and upwards of $160 billion in 2025, according to analysis from the newly published MJBizFactbook.” (MJBizDaily) As the cannabis industry continues to evolve, we predict the insurance industry will follow […]

Michigan Attestation Cannabis Forms

Compliance and adherence to regulations are the lynchpins to successfully operating a cannabis business.  While properly insuring a cannabis business is a sound business practice, it is mandatory in Michigan as well as the cannabis attestation forms. What Is An Attestation Form? Under MCL 333.27408  of the Medical Marihuana Facilities Licensing Act and through the […]

6 Misconceptions About Cannabis Insurance

New to the insurance scene and constantly evolving to fit its industries ever-changing landscape, is Cannabis Insurance. There are a lot of misconceptions and preconceived notions about what it is, who needs it, and if it’s even necessary. We are here to debunk the myths around this industry and give you the necessary information you […]