Cannasure Blog

Referrals are a great way to build your book of business. Not only are they a cost-effective strategy for growing your client list, but they also tend to be stronger leads with a better chance of becoming a customer. When referrals come directly to you, you can spend less money on marketing and less time […]

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 […]

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 […]

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 […]

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%. […]

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 […]

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, […]

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 […]

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 […]

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 […]