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Cannabis businesses face unique risks and challenges, and insurance slowly gaining its footing on how to properly insure this budding industry.
A lab technician inspects a tray of hemp seeds at the Province Brands of Canada laboratory in Belleville, Ontario, Canada, on Friday, Aug. 31, 2018. Instead of infusing a drink with cannabinoids like THC or CBD, then masking the oily, bitter concoction with sugar as many beverage makers do in the U.S., Province Brands is developing beer brewed directly from the cannabis plant. (Photo: Cole Burston/Bloomberg)Where tobacco once flourished on Gator Williams’ North Carolina farm, he now plants 1,380 acres of cannabis.
Williams isn’t growing marijuana but hemp, a kind of cannabis plant that offers the medicinal benefits of pot without the high. At his Lazy Gator’s Hemp Farm in Kinston, he’s breeding seed lines, experimenting with cultivation techniques and making products such as skin creams and gummy candies.
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