Insurance

21
Mar

Mitigating Product Liability: Legal and Safety Considerations for Cannabis Businesses

Have you ever considered the ripple effects a single product liability claim could have on your cannabis business? With the potential risks of contamination, misrepresentation, defective packaging, and lack of labeling or warnings, cannabis companies must prioritize quality control and safety measures. These following steps can help protect consumers and safeguard cannabis businesses from legal issues and reputational damage. Quality

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12
Mar

Insurance as a Safety Net: Protecting Cannabis Businesses from Unforeseen Risks

In the rapidly evolving cannabis industry, businesses face unique risks and liabilities. From the seedling stage to the consumer’s hands, every link in the cannabis supply chain carries potential vulnerabilities. This is where the strategic role of insurance for the cannabis industry, acting as a robust safety net to shield your business from unpredictable challenges.   Understanding the Risks  Cannabis

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25
Aug

Looted Cannabis Retailers Reopen.

Good news to hear, reporting from MJBizDaily.com.

20
Aug

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

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17
Aug

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.  

13
Aug

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

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23
Jul

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.

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23
Jul

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.

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10
Jul

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.

9
Jul

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.