HOW CANNABIS PACKAGING IMPACTS YOUR LIABILITY
WHAT YOU CAN DO TO PROTECT YOUR BUSINESS The cannabis industry is fraught with liability for business owners: changing regulations, counterfeiting, compliance, and cyber security to…
Outdoor crop coverage insurance protects cannabis businesses from losses due to natural disasters. It’s a type of property insurance that covers the cost of replacing damaged crops, as well as expenses related to alternate revenue sources while the farm is unable to produce. The scope of coverage varies by policy.
Workers compensation payouts can vary depending on the nature of the injury and the jurisdiction in which you reside. However, as a general rule, most workers receive between 50 and 70 percent of their pre-injury earnings. The exact amount will depend on several factors including age, length of employment, medical.
As with any business venture, running a cannabis business comes with risks. The nascent legal landscape regarding cannabis makes it challenging for new businesses to get started. There are many licensing requirements, and other regulatory factors can create high standards for those who want to begin growing cannabis or opening.
Smaller cannabis growers are uniquely positioned to succeed by focusing their energy on quality over quantity. However, if you’re a small grower, your operation also comes with unique risks and challenges. If your crop is damaged or stolen, the financial hit can be harsh and potentially put you out of.
There’s no denying the cannabis industry is growing like a weed. As new states continue to legalize medical and recreational cannabis, the demand for weed-related products has skyrocketed. This explosive growth has led to a surge in cannabis businesses of all shapes and sizes. From dispensaries to grow operations, the.
As of May 2020, 101 lawsuits seeking coverage from COVID-19 damages have been filed in federal court with that number expected to climb into the thousands, according to Claims Journal. The 101 cases, which exclude suits filed in state courts, rally around determining whether COVID-19 should trigger business interruption coverage.
The insurance industry has notched another victory in its defense of its commercial insurance policies against claims for business interruption due to the coronavirus. In a case brought by the owner of several restaurants against its insurer over business interruption due to the coronavirus shutdown ordered by the mayor, a.