insurance

  1. Ron Strider

    California's Cannabis Industry Moves Out Of The Shadows And Into The Flames

    The Northern California fires that collectively burned hundreds of thousands of acres, destroyed nearly 6,000 homes, and killed 43 people across eight counties in October are leaving a legacy from which it will take the state will take years to recover, with insurance claims at $9 billion and...
  2. Ron Strider

    CA: Federal Law Forces Marijuana Businesses To Go Without Insurance, Banking Services

    A series of deadly wildfires devastated California wineries, farms and small businesses in recent months. Many of these farms and businesses will be able to start rebuilding quickly, thanks, in part to insurance payouts and easy-to-access businesses loans. The same thing cannot be said of many...
  3. Ron Strider

    NJ: Legal Marijuana May Also Mean Car Insurance Gets High

    Drivers could expect to see a hike in their auto insurance rates down the line in a New Jersey with permitted use of recreational marijuana, based on crash data from states that already have legalization laws in place. The Highway Loss Data Institute -- a research organization wholly...
  4. Ron Strider

    Marijuana Farms Hit Hard By California Wildfires, Will Cause Price Surge

    As wildfires have raged across Northern California, claiming lives and scorching more than 200,000 acres, they are also taking a toll on cannabis farmers who have lost both homes and valuable crops — and have little hope of getting help from insurance or banks in an industry that remains legally...
  5. Ron Strider

    Admitted Carriers, CanaBOP Coming To California's Cannabis Industry

    The first admitted insurance carrier has filed to provide coverage to California's legal cannabis industry and several more carriers have stated their intent to file products, according to state Insurance Commissioner Dave Jones. It also appears that standardized insurance forms for the...
  6. Ron Strider

    The Growing Cannabis Industry And Captive Insurance

    Across America, the tides are turning in favor of the cannabis industry. While the federal government continues its policy of prohibition, most U.S. states have legalized cannabis to some extent. This rapid shift has created an explosion of revenue in the cannabis sector. Publicly released tax...
  7. Ron Strider

    California's Multimillion-Dollar Pot Farms Are Going Up In Smoke

    Talk about a buzz kill: In addition to charring acres of wine country north of San Francisco, California's sweeping wildfires are also destroying cannabis farms in and around the state's Emerald Triangle. For many producers, the financial losses include not just harvest-ready crops, but...
  8. Ron Strider

    Up In Smoke: California Fires Damaging Marijuana Farms

    The wildfires in Northern California are not only wreaking havoc on residential areas. The blazes are also sending marijuana farms up in smoke, CNN reported. The fires have destroyed several farms in Mendocino County, just before recreational sales begin in California. A lack of insurance...
  9. Ron Strider

    CA: Cannabis Country - Insurance Agent For The Marijuana Industry

    It’s good to see former students doing well, especially when they do well in innovative ways. That’s true for Daniel Garcia, who took my classes at Sonoma State University (SSU). Now, he’s an insurance agent for the cannabis industry. That wasn’t a career option that guidance counselors offered...
  10. Ron Strider

    Maine High Court To Decide If Medical Marijuana Covered By Workers' Comp

    The Maine Supreme Judicial Court will decide if state law requires Workers' Compensation Insurance to pay for a millworker's medical marijuana or if the insurer could be charged as an accessory in a drug deal under federal law. Justices are set to hear arguments in the case Wednesday at the...
  11. Ron Strider

    OR: Niche Insurance Firms Cover Cannabis Businesses

    When the co-owners of Happy Harvesting Co., Eleanor Sauerborn and Jessica Thornhill, needed general liability and workers compensation insurance for their Bend-based bud-trimming business, they found it through Oregon Cannabis Insurance, a Medford-based company with offices in Portland and Bend...
  12. A

    Life Insurance

    Has anyone recently obtained a life insurance policy AFTER obtaining their prescription? Were you designated as a smoker or non-smoker and can you recommed a company? I have primarily only used CBD oil so I don't think this should cause a higher rate but I am trying to find out all the info...
  13. Katelyn Baker

    NJ: Court Rules - Insurance Company Must Cover Medical Cannabis Treatment

    A judge in New Jersey ruled that a man's insurance company must pay for the cost of his medical cannabis treatment. This may establish an important precedent in the medical industry. Andrew Watson, who lives in Egg Harbor, New Jersey, enrolled in the state's medical cannabis program in 2014...
  14. Katelyn Baker

    Canada: Landlord Penalized After Revealing Renter's Medical Cannabis Grow-Op

    A Kamloops landlord found his coverage cancelled after he had informed his insurer that one of his renters was growing medical marijuana within the property. The experience left property owner Darryl Spencer rushing to secure insurance due to the complicated way insurers, and even the federal...
  15. Katelyn Baker

    Marijuana Laws - Life Insurance Lоst Fоr Legal Weed Business Activitу

    Hаve marijuana laws lost thеir battle because thе legal weed business does not allow fоr those associated individuals tо get various tуpes оf insurance such аs life, health, business, or car insurance? These daуs, it seems like most оf states in America hаve legalized marijuana, allow fоr...
  16. Katelyn Baker

    OH: Company Provides Insurance Nationwide To Marijuana Dispensaries, Cultivators

    Westlake, Ohio - The Ohio Supreme Court ruled this week that it is now legal for attorneys in Ohio to counsel medical marijuana patients, physicians, cultivators and business owners. The amended ethics rule comes specialized insurance companies, like Cannasure in Westlake, are profiting. "We...
  17. Katelyn Baker

    OH: Company Provides Insurance Nationwide To Marijuana Dispensaries, Cultivators

    Westlake, Ohio - The Ohio Supreme Court ruled this week that it is now legal for attorneys in Ohio to counsel medical marijuana patients, physicians, cultivators and business owners. The amended ethics rule comes specialized insurance companies, like Cannasure in Westlake, are profiting. "We...
  18. Katelyn Baker

    BC: High Times For Islanders - Insurers Classify Pot Users As Non-Smokers

    No longer will cannabis users be deemed smokers — at least not when it comes to applying for life and critical illness insurance. Regardless of how the marijuana is imbibed — be it smoked, ingested or inhaled through a vaporizer — a number of major insurers have changed their policy on the...
  19. Katelyn Baker

    NV: Marijuana Business Owners And Employees Are Being Denied Insurance

    The use of marijuana appears to be slowing gaining acceptance in Nevada, with the state set to deliberate on November whether recreational marijuana should be made legal. There remains, however, an obstacle that could hamper the developing marijuana business in the region: insurance companies...
  20. Katelyn Baker

    Marijuana Businessman Denied Life Insurance

    A successful businessman with a growing footprint in several states says he was shocked when he was refused a personal life insurance policy by Mutual of Omaha, one of the nation's largest insurers. The company informed Derek Peterson, CEO of Terra Tech Corp., in a letter dated June 13 that...
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