Posts Tagged ‘cannabis insurance’
DEA Delays Hinder Medical Cannabis Progress
DEA Delays Hinder Medical Cannabis Progress MMJ International Holdings is leading efforts in marijuana-derived pharmaceuticals for Huntington’s disease and multiple sclerosis, with FDA support. However, the DEA’s prolonged delays in processing cultivation applications have become a major hurdle. Regulatory Roadblocks Despite federal mandates to expand cannabis research, DEA senior policy adviser Matthew J. Strait has…
Read MoreWhat Is a Non-Admitted Policy?
Non-admitted insurance can seem a little intimidating at first, but it’s not as scary as it might sound online. It’s really just a different type of policy, and whether it’s a good fit for you depends on your situation. Here’s the scoop in plain English: What Is a Non-Admitted Policy? It’s a policy from an…
Read MoreStiiizy Data Breach: What Cannabis Businesses Can Learn About Cybersecurity
Stiiizy Data Breach: What Cannabis Businesses Can Learn About Cybersecurity In a concerning reminder of the increasing threat of cyberattacks on the cannabis industry, Los Angeles-based cannabis operator Stiiizy reported a data breach that occurred between October 10 and November 10, 2024. The breach compromised customer data from four California retail locations: Stiiizy Alameda:…
Read MoreCalifornia Cannabis Crackdown
California’s Cannabis Crackdown: A Snapshot of Enforcement and Market Challenges. California’s Enforcement Efforts Against Illicit Cannabis As 2024 came to a close, Governor Gavin Newsom highlighted California’s continued efforts to tackle illegal cannabis operations. A notable operation in East Oakland led to the seizure of over 21,000 cannabis plants and 3,000 pounds of flower, valued…
Read MoreTop Claims Filed in the Cannabis Industry
Top Claims Filed in the Cannabis Industry and How to Avoid Them Running a cannabis business comes with its risks. 🌿 From product issues to theft, claims can appear when you least expect them. They can also be expensive if you’re not ready. The good news? Knowing the most common claims and how to…
Read MoreNavigating Commercial Insurance in Today’s Market
Navigating Commercial Insurance in Today’s Market If you’re running a business, you’ve probably noticed the world of commercial insurance is more complex than ever. Between inflation, natural disasters, and cybersecurity threats, today’s market is keeping business owners on their toes. But don’t stress—we’re here to break it down. What’s Driving the Market? First, let’s talk…
Read MoreNavigating in Cannabis Insurance
Navigating Cannabis Insurance: What You Need to Know Running a cannabis business comes with unique challenges due to the clash between state and federal laws. While many states have legalized cannabis, it’s still illegal at the federal level. This conflict impacts everything from insurance options to policy structure and coverage limits. PM Insurance Services can…
Read MoreAB5 in California
Workers’ compensation is a critical safety net for both businesses and employees. It covers medical expenses, rehabilitation, and lost wages if an employee is injured on the job. For businesses, workers’ comp provides financial protection from costly lawsuits and liabilities related to workplace injuries. In California, AB5 has redefined how businesses classify workers, particularly…
Read MoreInsurance: Protecting Your Business
The Importance of Insurance: Protecting Your Business In an ever-changing and unpredictable business landscape, safeguarding your company’s assets and ensuring its long-term stability is paramount. One of the most effective ways to mitigate risk and protect your business is through comprehensive insurance coverage. In this article, we will explore the importance of insurance for businesses…
Read MoreCalifornia Marijuana Dispensaries: AB5
California Marijuana Dispensaries: AB5 Worker Classification Rules If you’re running a cannabis dispensary in California, you know the state’s labor laws are strict. Some dispensaries think paying workers as 1099 contractors protects them from liability, but that’s not true. In California, workers are assumed to be employees unless proven otherwise. Here’s how that affects your…
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