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Trump Administration’s Funding Cuts Threaten Cannabis
Trump Administration’s Funding Cuts Threaten Cannabis Research and Marijuana Rescheduling The Trump administration’s decision to slash federal research funding is jeopardizing 565 ongoing cannabis studies and freezing new National Institutes of Health (NIH) grants. This move could have far-reaching consequences for cannabis legalization, marijuana rescheduling, and the $32 billion regulated cannabis industry. Funding Cuts…
Read MoreCalifornia’s Cannabis Excise Tax Set to Increase
California’s Cannabis Excise Tax Set to Increase: Industry Concerns Grow California’s cannabis industry is bracing for a significant excise tax increase, set to take effect on July 1, 2025. The statewide cannabis excise tax on dispensary sales will rise from 15% to 19%, a 27% increase, adding to existing state and local taxes. In…
Read MoreCannabis Industry and University Partnerships: What 2025 Could Bring
Cannabis Industry and University Partnerships: What 2025 Could Bring The cannabis industry is gearing up for some exciting changes in 2025, with partnerships between cannabis businesses and universities expected to flourish. While academic collaborations aren’t new, the cannabis sector has been slow to embrace them — mainly due to marijuana’s status as a federally illegal…
Read MoreCannabis Vape Companies Face Safety Concerns Amid Rising Tariffs
Major cannabis vape companies are shifting their manufacturing operations away from China due to increasing tariffs that could pose safety risks for consumers. Rising Tariffs and Industry Impact The U.S. imposed a 25% tariff on vape products made in China back in 2018, during President Trump’s administration. This move pushed many cannabis vape companies to…
Read MoreSan Diego Cannabis Tax Increase
San Diego Cannabis Tax Increase: What Dispensaries and Consumers Need to Know San Diego is raising its cannabis sales tax in an effort to generate an additional $4 million in revenue to help close the city’s $258 million budget deficit. However, concerns are growing that higher taxes may drive cannabis consumers to shop elsewhere.…
Read MoreProtect your food truck
Protect your food truck Food trucks are more than just vehicles—they’re fully operational businesses on wheels. From cooking and storage to transportation and sales, your food truck is at the heart of your operation. But with this mobility comes unique risks that standard business insurance won’t always cover. That’s where we come in. Your…
Read MoreRising Break-Ins in Los Angeles: How Small Businesses Can Protect Themselves
Rising Break-Ins in Los Angeles: How Small Businesses Can Protect Themselves Los Angeles has recently seen a troubling surge in break-ins targeting small businesses, leaving owners facing significant financial burdens and security concerns. From West Hollywood to South Los Angeles, these incidents have become increasingly frequent, underscoring the need for better security, awareness, and…
Read MoreWhat Happens to Your Insurance Policy After a Fire?
What Happens to Your Insurance Policy After a Fire? Tom B. who lost his building in Altadena during the Eaton Fire, he was left with a big question: What happens to his business insurance policy now that his building is gone? Tom B. who was insured with State Farm for decades, called his agent as…
Read MoreAging Rock Stars Touring Without Insurance
Aging Rock Stars Touring Without Insurance as Costs Soar As legendary rock stars continue to tour well into their later years, many are opting to forgo insurance due to skyrocketing costs. According to The Telegraph, the price of insuring against concert cancellations due to health issues rises significantly with age, making it an unaffordable…
Read MoreCalifornia FAIR Plan Approves $1 Billion Assessment for Wildfire Claims
California FAIR Plan Approves $1 Billion Assessment for Wildfire Claims California Insurance Commissioner Ricardo Lara has approved a $1 billion assessment on admitted market insurers to help cover claims from the Los Angeles wildfires. The assessment, requested by the California FAIR Plan, is the first in more than 30 years and aims to strengthen the…
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