Former NBA Star John Salley Launching Cannabis Insurance Plan
Wed / Jul 1st
John Salley, former NBA player turned entrepreneur, has teamed up with insurance industry veteran Daron Philips to launch The Cannabis Plan with National Insurance Partners.
Insurance
Cannabis insurance is both necessary for cannabis entrepreneurs and business owners but hard to acquire. Due to the federal illegality of many weed businesses, owners find it difficult to navigate the complexities of insuring their assets. Read on to find out more about cannabis insurance:
USDA Adds Hemp to Agriculture Insurance Programs
Tue / Feb 11th
The USDA created a pilot hemp insurance program that covers against loss of yield for hemp grown for fiber, grain, or CBD; the agency also gave hemp farmers access to the federal Noninsured Crop Disaster Assistance Program.
Cannabis Business Insurance Policy Approved in Nevada
Mon / Jan 13th
Cannabis business insurance from the American Association of Insurance Services has been expanded into Nevada, which is the third state to approve the insurance program alongside Colorado and California.
USDA Rolling Out New Pilot Insurance Program for Hemp
Thu / Dec 26th
The new insurance option will only apply to federally-eligible hemp producers in select counties and states, however.
USDA: Hemp Qualifies for Federal Crop Insurance
Thu / Aug 29th
Hemp farmers can file for federal crop insurance under a new directive from the United States Department of Agriculture.
Federal Proposal Would Give Cannabis Industry Access to Insurance Services
Wed / Jul 24th
As part of a bipartisan effort in the U.S. Senate, New Jersey Sen. Robert Menendez has proposed a bill aiming to open up business insurance opportunities for state-legal cannabis companies.
Cannabis Trade Federation Hires Lobbyists to Push Legalization in 2019
Mon / Jan 14th
The cannabis industry lobbying organization is bringing more lobbyists onboard to pressure for passage of the STATES Act this session.
Oregon Department of Ag. Considers ‘Pesticide Drift’ Impact
Mon / Dec 17th
The Oregon Department of Agriculture (ODA) is being urged by the Oregon Farm Bureau to consider regulations regarding pesticide drift… Read More
Ontario Cannabis Retailers Race to Satisfy Security, Insurance Requirements
Mon / Nov 19th
Hopeful future cannabis retailers of Ontario are racing to make sure they have the necessary security and insurance protections for… Read More
New York May Subsidize MMJ with Health Insurance
Wed / Oct 24th
A bill being considered by the New York state legislature could add medical cannabis to the list of medicines covered… Read More
Doug Esposito: Business Insurance for the Cannabis Industry
Wed / May 16th PODCAST
Doug Esposito is the Cannabis Practice Leader for Owen-Dunn Insurance Services, a Sacramento-based shared partners brokerage. In the following interview,… Read More
California Insurance Commissioner Asks Insurers to Serve Canna-Businesses
Wed / Apr 25th
California Insurance Commissioner Dave Jones sent a letter last week to the state’s insurers urging them to offer insurance products… Read More
California Cannabis Farmer Gets $1M Payout for Thomas Fire Crop Damage
Tue / Mar 20th
A cannabis cultivator in Carpinteria, California has won a $1 million insurance payout after ashes from the Thomas Fire destroyed… Read More
Michael Senderovich: Identifying and Insuring Cannabis Risks
Thu / Dec 28th PODCAST
Michael Senderovich is the founder and president of Zeyger Insurance Services, a California insurance brokerage working with cannabis companies despite… Read More
Fires Engulf Cannabis Farms in California’s Emerald Triangle
Thu / Oct 12th
Several cannabis farms in Mendocino County, California have fallen victim to wildfires, which have grown increasingly severe throughout the state… Read More
AlphaRoot: Securing Business Insurance for Every Sector of the Cannabis Space
Fri / Sep 15th PRESS RELEASE
Business insurance is important — but for cannabis operators and even companies that are ancillary to the industry itself, it… Read More
Insurance Provider Drops Hawaii Medical Cannabis Companies
Tue / Jul 4th
The launch of Hawaii’s medical cannabis program faces more delays after the Hawaii Employers’ Mutual Insurance Company (HEMIC) announced last… Read More
Specialty Insurance Market Emerging for Cannabis Industry
Thu / Nov 24th
While mainstream insurance carriers such as State Farm Insurance, George Petersen Insurance Agency, and Wells Fargo Insurance Services have yet… Read More
New Mexico Appeals Court Rules Injured Employee’s MMJ Treatment Must Be Reimbursed
Tue / Jul 14th
A New Mexico court of appeals has again upheld a workers compensation decision stating that an injured employee must be… Read More