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For Agents

Helping Dispensary Owners Find The Right Coverage

- May 26, 2020

As the cannabis and hemp industry continues to grow, new dispensaries are establishing themselves around the country. For many dispensary owners, this is the first time they are running a cannabis and hemp business and possibly, their first time running their own business in any industry. As an agent, your clients will be looking to […]

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For Agents

Common Marijuana Claims & How to Handle Them

- March 30, 2020

It’s no surprise that the rapidly-expanding marijuana industry has become a large opportunity for insurance brokers and agents. However, this highly complex industry presents a unique set of challenges. Cannabis-related businesses have many of the same needs as any other industry — from property coverage to product liability — but with such a new and […]

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Helpful Information

Cannabis in 2020: State by State, by the Numbers

- March 9, 2020

As an insurance agent in the cannabis industry, it’s important to keep up with where marijuana legalization stands in 2020, on a state by state basis. 11—The number of states where recreational marijuana is legal for adults over the age of 21. Those states are: Alaska, California, Colorado, Maine, Massachusetts, Michigan, Nevada, Oregon, Washington, Vermont […]

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News

Cannabis in the News: California Marijuana Taxes Increased, Michigan’s First Recreational Cannabis Sale and More

- January 6, 2020

California Marijuana Taxes Increased on New Year’s Day Effective January 1, 2020, California’s excise and cultivation taxes went up. The increase is based on an analysis of statewide market data that was used to determine the average markup rate between the wholesale cost and the retail selling price. The markup increased from 60% to 80%. […]

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For Agents

Convincing Potential Clients that they Need Cannabis Insurance

- November 12, 2019

The marijuana business is just that—a business. Big business. In 2017, legal sales of marijuana (medical and recreational) reached $8 billion. With more than half of U.S. states having legalized some form of medical or recreational marijuana, and more states expected to do so, legal sales are projected to reach $22 billion by 2022. That’s […]

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For Agents

How to Grow your Clientele as a Marijuana Insurance Agent

- September 17, 2019

Growing a successful business in a niche industry can be a challenge. And, as the marijuana insurance industry evolves and shifts over time becoming more competitive, you may find yourself having to get more and more creative in order to increase your list of clientele. Consider these tips: Revisit your target clientele and goals Oftentimes, […]

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News

Cannabis in the News: Decriminalization Bill Introduced, Alaska Embraces On-Site Consumption and More

- August 7, 2019

U.S. Senator Introduces Decriminalization Bill Congress will be reviewing new legislation that could have serious implications on cannabis businesses across the country. U.S. House Judiciary Chair Jerrold Nadler and U.S. Senator Kamala Harris introduced a bill that would decriminalize marijuana and impose a 5% tax on all recreational marijuana sales. Proponents of cannabis reform believe […]

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Helpful Information

Americans for Safe Access Resource: Patient’s Guide to CBD

- June 24, 2019

With the recent increase of public exposure, there has been great confusion surrounding cannabidiol. The Patient’s Guide to CBD is an Americans for Safe Access resource aimed to provide education on a wide range of CBD-related topics. These topics include, but are not limited to: Available forms for use Indicated uses Speaking with your doctor […]

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News

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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