Insurance
Looted Cannabis Retailers Reopen.
Good news to hear, reporting from MJBizDaily.com.
D&O Insurance Policies Are Essential in Cannabis.
Cannabis businesses run a higher risk of facing a “D&O claim,” or a lawsuit aimed directly at the directors and officers of the company rather than at the company itself. While directors and officers of cannabis-touching companies may no longer have to worry about losing their freedom for choosing to work in the industry, they still have to worry about
What next? Interview with Purple Heart Patient Center’s CEO
MJ Biz Daily spoke with Purple Heart Patient Center’s CEO and Founder Keith Stephenson to discuss the state of the dispensary and industry amidst Covid-19 and following looting. Read for his insights and advice to other cannabis leaders in similar situations.
Preventing a Hostile Workplace.
Today we’re re-sharing this important article by David Lesser, CEO of Numina. IS YOUR TEAM BEING STRAIGHT WITH YOU? Workplace hostility is in the news again. Enlightened bosses want to understand what people are experiencing and often ask us to interview key members of their teams. Almost always, there is something withheld. Members of the team will tell us things
We’re Featured! Cannabis Broker Spotlight with Jesse Parenti.
Jesse Parenti, Director of Programs at Nine Point Strategies, has been featured in today’s Cannabis Insurance Broker Spotlight on InsuranceJournal.com. How did Jesse get into the cannabis space? “I have family and friends that have been cottage growers for over 20 years. Protecting and having them be able to have a legal farm was very exciting to know could happen.
LED mandate and its backlash among California growers.
The Public Utilities Commission has proposed a requirement that all indoor cultivation operations use only LED lights by 2023. This allots a 3 year period for California’s 3.4 million square feet of indoor cultivation facilities to completely switch over. Cultivators have pushed back, expressing that this regulation would be excessive considering the standing environmental regulations they already must comply with.
Product Liability: Another example of why it matters.
As we close out the week, we’re boosting this class action case that reinforces the urgent need for Product Liability coverage. Read this article on the Cannabis Business Times.
Spike in Insurance Costs to Protect Leaders as Investors Sue.
Nine Point Strategies featured in this great reporting by Shariq Khan and Nichola Saminather for Reuters. Cannabis operators across the nation are now having to deal with spikes in already-expensive insurance. Click here to read the full article.
Product Liability: How to Protect Your Business from Catastrophe
A lack of consistent industry regulations surrounding vaporizers has left cannabis businesses more vulnerable than ever. As of January 2020, the Centers for Disease Control and Prevention confirmed over 2,600 cases of vaping-related illnesses in all 50 states—including 59 fatalities. The outbreak has pushed the issue of product liability to the forefront of the cannabis industry. “In 2019, we saw a
COVID-19 & Cannabis
Ben Curran outlines some effects of COVID-19 on the industry in this article for Forbes. The effects are far-reaching, and while we at Nine Points are staying up to date on cannabis insurance shifts, it is equally as important to stay updated on industry best practices, changes, and adaptations.