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Author Archives: Greenpoint

Insurance Carrier Offering Pot Product Liability Insurance Downgraded

Knight Specialty Insurance Company Receives B++ Rating A.M. Best has recently downgraded Knight Specialty Insurance Company (“Knight”) from  A- (Excellent) to B++ (Good) .   Knight is an insurer of product liability insurance to the marijuana industry through a California based Excess & Surplus Lines Broker.  The press release does not indicate any concern for the risks… Continue Reading

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Are you Covered or Not Covered for Product Liability on your Existing Cannabis Insurance?

Are you Covered or Not Covered for Product Liability on your Existing Cannabis Insurance?

EXCLUDED is the Ultimate Buzz Kill for Product Liability  A review of typical commercial general liability insurance policy in the cannabis industry will most likely reveal product liability is not covered by the insurance carrier.  You might be thinking I thought I was covered if someone sued me after smoking my weed.  Most likely not… Continue Reading

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Departure of Cannabis Insurance Carrier Leaves Current Customers Shopping for Coverage

Increasing your Current Coverage will mean Seeking a New Insurance Carrier As previously reported, Mesa Underwriters Specialty Insurance Company (MUSIC) not only is exiting the cannabis industry, but no longer offering endorsements or changes to their existing policy holders.  MUSIC had been a cannabis insurance provider in different geographical markets for several years.  Their decision… Continue Reading

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Requirements by Insurance Companies Changing How the Cannabis Industry does Business

Requirements by Insurance Companies Changing How the Cannabis Industry does Business

Many Hoops to Jump Through When Applying for Cannabis Product Liability Insurance The cannabis insurance industry is rapidly evolving with the industry it serves with lengthier applications, complicated questions, and the inclusion of those applications with the policy.   In case you didn’t know, the latter could be meant by the insurance carrier to use… Continue Reading

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Limited Cash Coverage Offered by Cannabis Insurance Carrier

Limited Cash Coverage Offered by Cannabis Insurance Carrier

The Perils of Transporting Cash in the Marijuana Industry can be Insured with Limitations Subject to the terms and conditions of the policy, one of our insurance carriers has broadened their insurance program by offering up to $10,000 for money and securities with other coverages such as employee dishonesty, property in transit, spoilage, etc….  … Continue Reading

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Group is Formed to Oppose Colorado Amendment 139

Group is Formed to Oppose Colorado Amendment 139

Group Forms to Oppose I-139 A poorly drafted proposal that simply goes too far, and will have far reaching, unintended consequences harming Colorado’s medical marijuana patients, public safety, and economy DENVER—June 30, 2016 — The Colorado Health Research Council (CHRC) announced today that it has formed to oppose Amendment 139, a constitutional amendment that would… Continue Reading

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Needing Advice in the Cannabis Industry is now at your Fingertips

Needing Advice in the Cannabis Industry is now at your Fingertips

Expertise in the Cannabis Industry now Offered through the Cannabis Expert Calling Network The National Cannabis Industry Association (NCIA) recently launched the Cannabis Expert Calling Network for anyone needing advice in the cannabis industry.  What a terrific idea!   Do you have a question about opening a cultivation or manufacturing company?  What about the legal… Continue Reading

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Another Insurance Carrier Exiting the Cannabis Industry

Another Insurance Carrier Exiting the Cannabis Industry

Excess and surplus lines Mesa Underwriters Specialty Insurance Company (MUSIC) has decided to no longer insure cannabis companies.  Existing customers will likely begin receiving non-renewal notices instructing them when their insurance will terminate.  Those customers impacted will need to begin seeking new cannabis business insurance.    MUSIC began covering cannabis operations in Colorado and other states several… Continue Reading

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Enthusiasm Soars for Sold Out Workshop: “Starting & Operating a Successful Medical Cannabis Dispensary, Cultivation, or Infused Products Company”

There is high demand for a California workshop at the Cannabis Business Summit as new medical marijuana laws are implemented in the Golden State. The workshop is taught by leading industry experts, and aims to provide students with the tools and information necessary to jump into the nation’s fastest growing industry–medical marijuana. Oakland, Ca (PRWEB)June… Continue Reading

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World’s first marijuana tax-funded scholarship now open to applicants

World’s first marijuana tax-funded scholarship now open to applicants

FOR IMMEDIATE RELEASE PRESS RELEASE  World’s first marijuana tax-funded scholarship now open to applicants Pueblo, Colorado – The world’s first marijuana tax-funded scholarship program is now accepting applications for the fall 2016 and spring 2017 academic year. Pueblo County voters made history during the 2015 Coordinated Election when voters passed Pueblo County Ballot Initiative 1B,… Continue Reading

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DISCLAIMER: Material presented by Owner website is intended for information purposes exclusively. It is not meant for professional insurance or legal advice, to induce or solicit new clients, and shall not be construed as such. Each individual situation is unique and requires a licensed insurance broker or attorney in your state to evaluate and recommend insurance or provide legal advise respectively. Each insurance company, policy, and broker are unique with their terms,conditions, and product offerings placing the responsibility of the user to conduct and rely on their own due diligence.

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