What Insurance Financing Options Are Available for the Cannabis Industry?
There is no denying that the start up and operating costs for the cannabis industry are incredibly high. Any opportunity to manage these costs can help businesses, especially new ones, to minimize initial cash needs by breaking these high costs into smaller payments. However, methods of doing so vary widely in availability and costs. Let’s […]
Read moreShould I Get Motor Truck Cargo Insurance for My Cannabis Business?
The cannabis supply chain relies strongly on vehicle transportation for the movement of cannabis from cultivators to manufacturers and on to retailers and, ultimately, the end user. The same is true for the other ingredients and supplies necessary to conduct operations, as well as the cash that drives everyday cannabis business. So how do you […]
Read moreCannabis Insurance for Conventions and Events
Industry events are a central part of the cannabis industry. Some events, like festivals, are held to bring together consumers and businesses. Others are business to business focused, connecting sections of the cannabis industry supply chain. These cannabis events, ranging in size from large festivals and conferences down to local meet and greets at your […]
Read moreShould I Get Commercial Auto Insurance for My Cannabis Operation
Many business owners assume that their standard insurance policy, such as their property or general liability coverage, will protect them when their products or other property are being transported from location to location. However, once in transit, these coverages often no longer apply, potentially putting your business at risk. Adding commercial auto coverage is an […]
Read moreWhich Cannabis Insurance Package is Right for my Operation?
It is important to protect your company’s assets with a comprehensive insurance policy, but many businesses find they need to balance insurance coverage with overall cost. With a wide choice of insurance packages available, how do you know which ones are best for your cannabis business? CannGen offers a selection of cannabis insurance packages to […]
Read moreSix Cannabis Insurance Coverages Your Operation Needs in 2022
A comprehensive insurance policy can help to protect your business against loss when the unexpected happens. As the cost of insurance coverage fluctuates and availability remains scarce, it’s become critically important to consider which insurance coverage you need for your business. Here are six cannabis insurance coverages that your business needs in 2022 to protect […]
Read moreThe SAFE Banking Act: An Update on Cannabis Banking Reform
A common hurdle for nearly all cannabis businesses is securing the basic financial services they need to operate. From the beginning of the legal cannabis market, finding banks and credit processing companies that were willing to work with the cannabis industry has been a dauntless challenge, as few institutions were willing to take on the […]
Read moreWhat the Cannabis Industry Learned in 2021, and What to Expect in 2022
At the close of each year, the cannabis industry leaders and innovators who keep it growing examine the lessons of the previous year and anticipate how to apply these lessons for the most success in the year to come. Let’s take a look at some of the biggest trends of 2021 and what they mean […]
Read moreHow Does a Lack of Available Services Impact Cannabis Companies
As many in the cannabis industry know, securing even basic business services can be a challenge. Important services like insurance, banking, and credit processing are all affected by this shortage of providers willing to work in the cannabis market. Much of this apprehension around working with cannabis businesses comes from the continued illicit status of […]
Read moreIs It Difficult to Obtain Cannabis Insurance Policies?
There is a lot of risk that comes with starting a business. Even when properly managing that risk, the unexpected can happen. It is for this reason that businesses buy insurance policies that protect their assets. For cannabis businesses, that risk is even higher, yet many find it challenging to obtain the right kinds of […]
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