We are cannabis attorneys, so naturally we like to tout good news for the cannabis industry. If that is what you are looking for here, however, don’t read the rest of this post. Simply put, there has not been a ton of good news for the industry lately.
Read MoreAlaska was in the vanguard of states legalizing marijuana for recreational use, passing a ballot initiative in 2014. Yet recent news suggests Alaska cannabis companies continue to deal with serious banking and insurance issues.
Read MoreThe National Association of Insurance Commissioners (“NAIC”) voted earlier this week to establish a Cannabis Insurance Working Group (“Working Group”) to address insurance issues affecting the legalized cannabis industry.
Read MoreOn June 4, California Insurance Commissioner Dave Jones announced that he approved the first Cannabis Business Owners Policy (“CannaBOP”) in California. In announcing the approval, Commissioner Jones stated, “This first-of-its-kind Cannabis Business Owners Policy or CannaBOP program will make it easier for more insurers to enter the market and fill coverage gaps for cannabis businesses.
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