Cannasure Has Insurance for the Cannabis Industry | CashCropToday
0 Shares 98 Views

Cannasure Has Insurance for the Cannabis Industry

February 1, 2018
98 Views

Cannasure Insurance is providing stress relief for legal cannabis businesses across the country. Since cannabis is still a schedule 1 drug and federally considered illegal, business that are operating in the industry are having trouble finding a place to put their stacks of cash. Federal banking institutions are fearful from being shut down if they take the cannabis industries money.

Cannasures Insurance will covers insurance for dispensaries, processors/manufacturers, ancillary businesses, landlords and testing laboratories in the industry. The reason why insurance for the industry is so important is because most businesses are operating legally in the state they do business in but, federally illegal according to the US government. This difference in policy has lead to a thriving industry in recreational states as well as overall confusion on what the current status of the law is. Cannasure Insurance is capitalizing on this.

CEO Patrick McManamon stated “The cannabis industry is evolving at an unprecedented rate and because of this so are the industry-specific risk factors and operational demands.”

Businesses will be covered for up to $5 million in general liability, which will include all aspects of their operation. Everything from delivery drivers, retail dispensaries, finished goods, cannabis cultivations, fire, theft, and even lawsuits. The company is starting to take clients today!

Sources:

Hightimes.com

You may be interested

House Passes 2018 Farm Bill, Legalizing Industrial Hemp in the U.S.
Politics
5 views
Politics
5 views

House Passes 2018 Farm Bill, Legalizing Industrial Hemp in the U.S.

Editor - June 22, 2018

The United States House of Representatives approved the 2018 Farm Bill with a narrow 213-211 vote this week that has passed legislation to legalize the growth of…

More Banks Willing to Work with Cannabis Businesses as Legality is Debated
Politics
97 views
Politics
97 views

More Banks Willing to Work with Cannabis Businesses as Legality is Debated

Editor - June 20, 2018

If you live in any of the nine U.S. states that support recreationally legal cannabis legislation like California, Alaska, Colorado, Maine, Massachusetts, Nevada, Oregon, Vermont, and Washington,…

Canada Officially Legalizes Recreational Cannabis
Politics
187 views
Politics
187 views

Canada Officially Legalizes Recreational Cannabis

Editor - June 20, 2018

The Canadian government has officially passed Bill C-45 yesterday, better known as The Cannabis Act. Now legislation has been set in place by the country's Senate and…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: