Cannabis Top 10

1

Insurance carriers’ hesitancy to offer cannabis coverage. 

2

Decreased top-line revenue for cannabis companies = pressure on insurance programs.

3

Exposure for dispensaries and testing laboratories

  • Giving advice
  • Testing errors
  • Product recalls

4

A naturally innovative industry that constantly evolves.

5

Pending Legislation

  • SAFE Banking Act
  • CLAIM Act

6

Uncertainty around IRS rules and the need for updated guidance.

7

Varied casualty rates and premiums depending on position in the product or service chain.

8

Product liability complexities due to emerging products.

9

Property market challenges

  • Valuation issues
  • Risk appetites
  • Limited markets for Builder's Risk or new construction

10

Ensuring compliance with state and federal regulations 


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