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In Loving Memory of Steve Fox

- April 30, 2021

We mourn the loss of a true industry pioneer and dear friend, Steve Fox. Steve was one of the first political professionals to enter the marijuana advocacy space. At a time when cannabis policy was just a blip on the political radar and most savvy up-and-comers were unwilling to dip a toe into the space, […]

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Cannasure Announces Three New Coverages

- January 27, 2021

Building off of the previously announced Commercial Auto & Outdoor (Parametric) Crop, we’re excited to announce the launch of Excess Property, Cyber, and Workers’ Compensation. Excess Property We’ve expanded our Cannabis & Hemp Package to now include $16M in excess property! Download the Excess Property Coverage Sheet Cyber With the cannabis industry grabbing daily headlines, […]

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New Coverages for Parametric Outdoor Crop and Commercial Auto

- November 12, 2020

We are pleased to announce two new lines of coverage now available from Cannasure: Parametric Outdoor Crop Insurance and Commercial Auto. With these additions, we aim to continue serving the cannabis and hemp industry while making insurance coverage available to more business owners. From increasingly harsh winters to excessive dry seasons that can set the […]

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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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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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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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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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