A professional lines liability policy provides financial protection for claims of negligence that are brought against a business by a third party, due to a product or service the business provides. Today, nearly every cannabis business has some type of professional liability exposure. Triggers for these types of claims include: An act, error or omission […]
Making their way through Congress are three bills focused on the decriminalization or legalization of cannabis. If passed, these bills will have a significant impact on the cannabis industry, businesses and consumers. 1. The Cannabis Administration and Opportunity Act (CAOA) This is the latest iteration of legislation that proposes ending the federal prohibition of cannabis. […]
The need for cannabis companies to secure Directors & Officers insurance is no different than the need of any other business. Like most companies, cannabis operations are at risk of potential litigation brought against their executive teams for alleged wrongful acts.
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