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 […]
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Top Cannabis Coverage Policies You Didn’t Know You Needed
Cannabis businesses, like any other business, need to purchase insurance policies capable of truly covering them against potential threats. However, the cannabis industry can be a risky one, with many variables to assess when researching insurance coverage. Many businesses think all insurance policies are the same, but they are not. And choosing the wrong coverage […]
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Cannabis Insurance: A Guide to Covering Your Crop
Business owners work hard building their business, so finding the right protection is crucial to maintaining it. Due to the nature of the cannabis industry and its attraction to the criminal element, security measures like alarms, cameras, etc. are the norm. But as a cultivator, the counteracting risk goes far beyond just implementing physical security […]
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From Seed to Sale: Three Major Challenges Cannabis Businesses Face
The cannabis market is anticipated to continue its expansion as legalization efforts spread throughout the country. This incredible growth has attracted many to enter this complex industry without full knowledge of the challenges cannabis businesses face. From licensing and compliance to protecting your business and keeping your inventory secure, cannabis companies face important common concerns […]
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Considering a Hemp Operation? Here’s How to Start
If you’re looking to start a new business this year, you may want to consider hemp. Since the 2018 Farm Bill, the hemp industry has grown considerably, with new companies reaping profits. Starting a new business can be difficult, but it’s made much easier by having a plan in place and partnering with the right […]
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Hemp Cultivation Techniques to Boost Revenue
While humans have cultivated hemp for thousands of years, the 2018 Farm Bill removed many of the modern restrictions that held back prospective companies from growing and selling the plant. Since then, hemp farming has proved to be a profitable enterprise that attracts many newcomers to the industry. Of course, hemp cultivation isn’t as simple as […]
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Top 5 Resolutions for Cannabis Dispensary Success
With a growing number of states legalizing marijuana, there’s little doubt that the cannabis dispensary business is booming right now. In terms of employment, legal marijuana was the fastest growing industry in the country at the start of 2020 with over 33,700 jobs added over the previous 12 months. Of course, as the industry grows, so does […]
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A Guide to Trimming Cannabis
Among the several moving parts involved in running your own company in the cannabis industry, there are some unexpected daily tasks that carry a surprising amount of importance. You likely already know that it’s important to get the right cannabis industry insurance policy, balance your budget, maintain proper oversight of equipment and so on, but […]
Read moreExtraction 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 […]
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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 […]
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