Last fall, ALM launched the Cannabis Insurance Coverage Specialist (CICS) designation for companies serving cannabis-touching businesses. The designation focuses on issues involving real estate, risk management, medical and health concerns, workers' compensation and employment, financial services and legal matters.
The latest course in the designation involves handling cannabis-related claims. Since cannabis is still considered a Schedule 1 drug by the federal government, it creates a level of complexity for insurers providing coverage for cultivators, processors, and dispensaries, as well as for the resulting insurance claims.
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