Can I Protect My Hemp and CBD Supply Line?
With its formal legalization due to provision in the 2018 Farm Bill, hemp is prepared to grow into a major U.S. crop. With the most prominent consumer use continuing to be CBD oil, the cash crop is drawing countless brands to market, intent on filling consumer demand. If you’ve recently entered into the hemp and […]Read more
What are My Legal Obligations for Insuring My Cannabis Company?
You already know it is a good idea to insure your cannabis business, but with the cannabis industry continuing to exist in a legal gray area, it isn’t always clear which path is the right one to best protect your assets. Conflicting state and federal laws add further difficulty in knowing just what insurance coverage […]Read more
D&O Coverage: Who Needs It and Why
Fear over potential lawsuits can make it difficult for officers, board members, and advisory teams to confidently conduct their duties without fear of asset loss from potential liability. D&O policies cover your organization and its management in the face of financial penalties as a result of a lawsuit, freeing them to make necessary operating decisions. […]Read more
Cannabinoid Differences and How They Affect Insurance Coverages
You work hard to build your business, so you want to make sure it is protected when the unexpected happens. Yet, with all the legal uncertainty surrounding cannabis products in the U.S., how can you be sure the insurance coverage you need is available to your business? The truth is that the cannabinoids present in […]Read more
The Uncertainty Around Cannabis Insurance for Delta-8 THC Products
Delta-8 THC has exploded in popularity recently as consumers look beyond delta-9 THC and CBD for beneficial cannabinoid products. Yet, there is concern about delta-8 THC’s legal status, and although retailers are offering delta-8 THC products, regulatory issues are preventing ancillary industries like insurance and banking from providing services. Let’s take a look at delta-8 […]Read more
Product Liability: Do You Know the Risks & Are You Covered?
When manufacturing, distributing, or retailing consumer cannabis and hemp products, a worst case scenario is that these products harm your customers, potentially resulting in a liability lawsuit. Product liability claims can be difficult to navigate, but companies can protect themselves against losses related to their occurrence with proper cannabis product liability coverage. Here we will […]Read more
Extraction Methods for CBD vs. THC
You may already be aware that CBD and THC ultimately have the same origin, but for the purposes of your business, it may also be important to understand how to process and extract each one. Each process is distinct and requires unique preparations. As with many aspects related to running a company in the cannabis […]Read more
Top CBD Trends for 2021
The past several years have seen an explosion of interest in CBD across the country and even worldwide, making this an excellent time to implement new trends in your business and protect it all with CBD business insurance. As a CBD-related business owner, you know that while customers like to count on the old standbys […]Read more
Key Differences Between CBD and THC
The legislation of cannabinoids across the U.S. is an ongoing roller coaster ride. In 2018, the federal government legalized hemp as an agricultural commodity, but cannabis Sativa is still illegal, and marijuana remains a Schedule I drug under the Controlled Substances Act. Cannabidiol, or CBD, can be extracted from either the hemp or cannabis Sativa […]Read more
Top Challenges Facing Online CBD Businesses
When you’re first getting started in the CBD business, figuring out how you want to sell your products can be the hardest part. Selling in brick-and-mortar retail stores is always an option, but it limits your customer base and makes it hard to get your products in front of a broad audience. For a new […]Read more