Cannasure Blog

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

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, […]

The National Fire Protection Association (NFPA) estimated that, in 2013, there were 1,240,000 fires, resulting in 3,240 civilian fire fatalities, 15,925 civilian fire injuries, and $11.5 billion in direct property loss. These fire losses demonstrate the need for proper fire prevention procedures. While all fires start small, they can quickly spread out of control when […]

As the weather changes, so do the hazards you should be prepared for. An incident, such as a burst pipe, can cost your company hundreds or even thousands of dollars. Proper preparation can not only help to prevent this type of incident, but can also reduce injuries and minimize additional costly risks to the facility […]