Cannabis

Industries across the U.S. have been adversely impacted by the global pandemic. Here are three ways the cannabis insurance industry has been affected.

As an emerging business sector with its own unique set of risks and challenges, insuring a cannabis business may not be easy—but is far from impossible.

Loosening marijuana regulations are giving seed to immense growth in the cannabis market. But in insurance, the fledgling business is creating a haze of confusion.

Cannabidiol (CBD) sales in the U.S. will surpass $20 billion by 2024. The biggest emerging trend in product liability insurance, the CBD market has unique challenges.

Can employers expect their workers compensation carriers to pay claims involving marijuana? And if an employer has a drug-free workplace policy in force, can they fire an employee for using marijuana either recreationally or for medical purposes?

Like any other business, marijuana growers and distributors need insurance coverage. But growing, distributing and possessing marijuana is a still a crime under federal law.

Depending on legalization at the state and federal levels, the U.S. cannabis industry could bring in $44 billion by 2020. Here’s what to consider as the industry grows.