Posts Tagged ‘cannabis insurance’
Navigating Commercial Insurance for Towing Companies in California
Protecting Your Business, Not Just Your Vehicles Navigating commercial insurance for towing companies in California and beyond. In the fast-paced world of towing and transportation unexpected challenges are part of the job. From roadside assistance in the San Fernando Valley to equipment hauling across Los Angeles Ventura County or even expansive stretches of San Bernardino County…
Read MoreRisk Management Insurance
Risk management is the process of spotting the “what-ifs” in your business—then having a plan (and coverage) in place in case they actually happen. Risk Management Insurance isn’t just one policy. It’s more like a strategy that includes the right combination of insurance coverages tailored to the specific risks your business faces. These can include:…
Read MoreHow All Businesses Can Maximize Cyber Insurance
How All Businesses Can Maximize Cyber Insurance Coverage in a Shifting Risk Environment In today’s fast-evolving cyber threat landscape, having a properly structured cyber liability insurance policy is no longer optional—it’s essential. Businesses across every sector, from healthcare to retail, manufacturing to finance, are facing increased risks from ransomware, data breaches, and operational disruptions. As…
Read MoreTime for a Cannabis Policy Reset
Time for a Cannabis Policy Reset: Outdated Regulations Are Fueling the Illicit Market State cannabis regulators are still operating under rules designed for a brand-new industry—and that’s become a big problem. Instead of helping the legal cannabis market thrive, these outdated frameworks are making it harder for licensed businesses to survive. Meanwhile, the illicit…
Read MoreTrump 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 MoreInsurance Payouts for LA Wildfires Exceed $4 Billion—And Rising
Insurance Payouts for LA Wildfires Exceed $4 Billion—And Rising Preliminary data show that insurance companies have already paid over $4.2 billion in claims for the Los Angeles wildfires, with total insured losses potentially reaching $40 billion. The California Department of Insurance (CDI) reported that over 31,000 claims have been filed for home, business, and…
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