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Insurance Options for Cannabis Businesses Slowly Improving

Insurance Options for Cannabis Businesses Slowly Improving

By A. Kate Margolis & Slates C. Veazey on March 14, 2023
Posted in Cannabis, Insurance

Obtaining adequate and affordable insurance coverage remains one of the many challenges in the cannabis industry. Most large insurance carriers – adverse to the risk posed by unfavorable federal law – have so far chosen to leave millions of dollars in potential annual premiums that cannabis industry businesses are willing to pay on the table.

Finding a Bank and Insurance Company for a Cannabis Business

Finding a Bank and Insurance Company for a Cannabis Business

By Whitt Steineker on July 14, 2022
Posted in Banking, Cannabis, Insurance

With apologies to Ben Franklin and others, nothing is more certain if you operate a cannabis company than your need for access to banking services and insurance (FWIW, the death and taxes part is probably also the case). This is true (1) as a practical matter and (2) often a legal requirement. 

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