How Good is Your Cannabis Insurance Policy?

For too many cannabis business owners, exclusions in their insurance policies are viewed as the fine print for which they have no time for a close read.

In the cannabis business, whether you’re a grower, a wholesaler, manufacturer or distributor, the fine print is ignored at your own peril. You knew that, right? And yet we see it all of the time. Let’s reach back to 2014 for an unfortunate example in the case of Richard Kirk, the Denver man who supposedly… Read more »

Fire Prevention Checklist for Cannabis Businesses

In the cannabis industry, especially the extraction side, fire hazards are unfortunately more the rule than the exception.

The figures are down but still staggering: According to the National Fire Prevention Association, U.S. fire departments responded to about 3,300 office property fires per year between 2007 and 2011. Those fires resulted in about $112 million in property damage each year, and most were in business offices – and happened during business hours. The… Read more »

4 Types of Insurance Coverage Every Cannabis Businesses Should Consider

Insurance can be confusing, so here’s a quick guide to four important lines of coverage any cannabis business will want to consider.

Up to 40 percent of California’s marijuana growers saw their operations either disrupted or destroyed by wildfires that erupted across the state. And that was last year, before the recent devasting Camp fire tore through Paradise, Calif., destroying thousands of structures and killing dozens of people. Paradise happens to be in Butte County, which is… Read more »

Insurance For a New Crop of Hemp Growers

The next generation of hemp growers – and many marijuana operations – are still learning about what kind of crop coverage they need.

Assuming it’s adopted, this year’s federal farm bill would officially classify hemp as an agricultural commodity, a move expected to result in two big changes: First, a flood of farmers is expected to jump onto the hemp farming bandwagon. Hemp promises to deliver higher profits than crops such as corn, soybeans or tobacco, which are… Read more »

CCIG Launches Comprehensive Cannabis Industry Practice 

cannabis operations

GREENWOOD VILLAGE, COLO. – CCIG, one of the nation’s leading business insurance brokerages, announced today it is expanding its agribusiness practice to serve cannabis operations, including growers, distributors and medical and recreational retailers. A growing number of insurance carriers have recently entered the fast-growing cannabis market, but coverage remains uneven, leaving growers and others in… Read more »

Cannabis Workers Need Formal Safety Training: Study

safety training

There’s a looming need to establish formal health and safety training programs for workers in the rapidly growing cannabis industry. That’s the conclusion of a survey of cannabis workers who told Colorado State University occupational health researchers that they received inconsistent training, despite their likely exposure to biological, chemical and physical hazards. The study, its… Read more »

Grappling Once Again with Marijuana Use Laws

marijuana workplace

Attorney General Jeff Sessions’ new policy allowing federal prosecutors to crack down on the marijuana industry might have left some business owners confused about what to do next about their workplace policies. Others might have been relieved. The move will let federal prosecutors decide how aggressively to enforce federal marijuana law. Reaction in Colorado (and… Read more »