Insuring cannabis businesses can be problematic. During the course of the past two years, I’ve written several new insurance continuing education (CE) online and webinar courses for my client, A.D. Banker & Company. One of the most recent webinars is Insuring Cannabis Risks. The course is the brainchild of inquiries submitted by individuals who attended a free monthly webinar I co-host with A.D. Banker vice president, Pam Reihs. During each 1-hour Insurance Trends Webinar, Pam and I talk about insurance topics of current relevancy. How to insure cannabis businesses is always at the top of the list. Questions we often
In prepping for the SILA Foundation webinar I presented yesterday, I have two items to share with you since the last time I blogged on the topic of cannabis. Topic #1: Decriminalization A number of states have decriminalized marijuana. Contrary to what many people infer from the term “decriminalized,” it does NOT mean a person is not guilty of a crime of possessing, growing, or selling marijuana. Unless the state has passed a law that stipulates the medical, or adult recreational, use/possession/sale of marijuana IS legal, it is still a crime. What the term means is that if a person
I’m honored to have been asked by the SILA Foundation to develop and present a webinar for their monthly series. The webinar will be presented live on Thursday, May 21 at 3 p.m. Eastern time. The topic is: Insuring Cannabis Risks. Click here to register: https://www.silafoundation.org/2020/05/webinar-insuring-cannabis-risks/
I posted this short video excerpt of my 4/28 podcast about the subject on my YouTube channel this morning. Sorry for the long delay…
I plan to continue updating you about the topic here on the blog and in my newsletter. You can subscribe to the newsletter by clicking here.
Because the federal government classifies marijuana under Schedule I of the Controlled Substances Act, its cultivation, possession, use, and distribution is illegal under federal law. Not all the states agree with the federal government. 11 states have legalized the recreational use of marijuana, 35 states have legalized medical marijuana programs, and many of the remaining states are considering doing one or both. One of the biggest problems faced by those working in the cannabis industry–and insurance companies and agents working with those businesses–relates to money. Because cannabis businesses are considered illegal operations by the federal government, federally regulated banks won’t
As a freelance writer, I’ve been hired to write content about topics I never contemplated, and/or that don’t hold a personal interest for me. Then, when I dive into the research and put aside any personal feelings about the topic, I find myself swimming in a pool of information that sends meaningful ripples into other areas of my life. The subject of cannabis, and its legalization in the United States is once such topic. Although I drink (my sister laughs when I say that), I’ve never been drunk. And the only controlled substances I’ve ever taken were those that knocked