The legalization of cannabis is a hot topic not just among lawmakers and eager hopefuls, but also in the insurance industry. As tolerance and acceptance for cannabis gradually increases, so has its use in the medical community. Medical marijuana usage has grown in...
Fleet Industry Tries to “Weed” Out Risk Among Drivers Now Legally Allowed to Buy Marijuana
Although most states have legalized THC usage in some form, businesses are stumbling through a cannabis policy haze as they try to sort out what changing regulations mean for insurance lines like Workers’ Compensation (WC). A recent study from the National Bureau of...
Workers’ Compensation Cannabis Class Code Roulette
Determining the proper classification for cannabis businesses is not one you want to take a gamble on. If you bet on a specific class code and it isn’t accurate, your client could suffer significant premium penalties at the time of an audit or worse – costly coverage...
Up in Smoke: Insuring Cannabis-Related Businesses
The sale of legal cannabis is projected to reach $20 billion within three years. With 33 states passing laws to legalize medical cannabis and 11 allowing recreational marijuana, the insurance industry is beginning to take notice. California blazed trails by announcing...
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