Cannasure Blog

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 […]

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 […]

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 […]