Risk Management

1
Apr

Ensuring Employee Well-Being: Health & Safety Standards in the Cannabis Industry

With the cannabis industry’s rapid growth, safeguarding employee health and safety has never been more critical. Beyond providing a safe work environment, cannabis businesses must establish and maintain robust processes and standards to protect their workforce. Let’s explore the importance of institutionalizing health and safety practices in the cannabis industry to ensure employee well-being.  Regulatory Compliance Compliance with local and

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26
Mar

Prioritizing Workplace Safety in Cannabis Production: A Proactive Approach 

Prioritizing workplace safety isn’t just a regulatory requirement—it’s a crucial investment in your cannabis business’s financial future and the well-being of your employees. Consider this: research indicates that businesses that implement thorough safety protocols can reduce accident-related costs by up to 40%. Furthermore, a case study from a leading cannabis production facility in Colorado illustrates the tangible benefits of this

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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

3 Tips to Help Cannabis Vendors Select the Best Buyers.

Boosting this sound advice from Justin Lipchitz for Cannabis Dispensary Mag, “3 Tips to Help Cannabis Dispensaries Buyers Select Vendors”. Tip #3, especially.

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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7
Aug

Michigan employee licks pre-rolls, major recall.

Cannabis regulators in Michigan issued a broad recall following the confirmed complaint. This employee’s less-than-appropriate decision holds even more weight amidst the Covid-19 pandemic, a highly contagious virus spread through respiratory droplets and saliva. Michigan cannabis worker allegedly licked pre-rolls, sparking vast recall

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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