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Cannabis in the News: California Senate Approves Canna-Banking Law, New York Bans Pre-Employment Drug Testing and More

- June 17, 2019

California Senate Approves Cannabis Banking Law A bill that would create state-chartered banks that would serve the cannabis industry passed the Senate in California. This would allow cannabis businesses to use special checks to pay for rent, fees and taxes. The measure is awaiting approval from the Assembly and the Governor. North Dakota Eliminates Jail […]

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For Agents

What are Cannabis and Hemp Companies looking for in an Insurance Agent?

- April 30, 2019

With more and more agents starting to offer cannabis and hemp insurance, it’s important to set yourself apart from the competition. Keep in mind that companies will be looking for the following when shopping around for coverage: Expertise Cannabis and hemp companies want to work with an insurance agent who knows the industry like they […]

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News

The SAFE Banking Act Introduced

- April 3, 2019

Though cannabis is legal in some form in dozens of states, many risk-adverse banks and financial institutions choose not to do business with those in the industry because marijuana remains illegal at the national level. As a result, many cannabis-related businesses operate on a cash-only basis, not accepting credit cards and paying their taxes in […]

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Cannabis in the News: Medical Cannabis Dispensaries Open in Ohio, Vermont Passes Bill to Regulate Marijuana and more

- March 19, 2019

Medical Marijuana Dispensaries open in Ohio On January 16, 2019, medical marijuana dispensaries started opening in Ohio with more slated to open in the near future. The program was adopted over two years ago and this marks the first time patients can legally obtain cannabis in the state. Bill to Regulate and Tax Marijuana for […]

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Cannasure Featured in Intelligent Insurer

- March 18, 2019

Cannasure was recently featured in Intelligent Insurer’s article, “Insurance for Legal Marijuana Hindered by Limited Policies, Finds AM Best.” The AM Best report breaks down the current state of marijuana insurance and the challenges that both insurers and insured in this market face. “In 2017, annual marijuana sales in the US were valued at $8.1 […]

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What the 2018 Farm Bill Means for the Hemp Industry

- January 16, 2019

About every five years or so, Congress passes a new Farm Bill that shapes the agricultural industry. This particular Bill has a huge impact on how and what types of crops are grown. On December 20, 2018, President Trump signed the new $867-billion Farm Bill into legislation. Among many other laws and regulations, the Bill […]

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Cannabis in the News: Northern Mariana Islands Legalizes Marijuana, Cannabis as an Alternative for Opioid Use and More

- October 12, 2018

The Northern Mariana Islands Legalize and Regulate Marijuana The Commonwealth of the Northern Mariana Islands made history when they legalized marijuana for both medical and recreational use. Governor Ralph Torres signed the bill, which includes home cultivation, on-site consumption, micro-producers and more, into law on September 21, 2018, making it the first time that a […]

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For Agents

Cannabis Insurance Agents: How to Become an Industry Expert

- August 1, 2018

The legal marijuana industry is complex, ever-evolving and rapidly growing. If you’re an insurance agent who has recently started offering cannabis insurance to your clients, now is the time to immerse yourself in the industry and truly become an expert. This will set you apart from your competition and will allow you to provide the […]

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For Agents

How can Agents benefit from Offering Marijuana Insurance?

- July 1, 2018

Have you received inquiries about whether or not you offer insurance to cannabis or cannabis-related businesses? If you’re wondering if you should tap into this growing market, read on to discover the advantages. It’s a growing industry Arcview research firm projects marijuana sales to jump from $6.7 billion in 2016 to $22.6 billion by 2021, […]

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Cannabis in the News: Sessions Ends Obama Era Legal Marijuana Policy, States Push for Legal Marijuana Banking and More

- February 12, 2018

Attorney General Sessions Reverses Legal Marijuana Policy Since 2013, the Justice Department policy was to not enforce federal marijuana laws against businesses or individuals in states with medical or recreational marijuana laws with the exception of cases involving minors or gangs, sales across states and the cultivation of marijuana on federal property. On January 4, […]

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