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The business of cannabis. The value of a cannabis claim depends on the maturity of the plants involved. Single plants can start at $250 to $300 and increase in value as they grow. (Photo: Shutterstock)

There is a lot of information available surrounding the cannabis industry, but for insurers, understanding the risks involved with these businesses, the types of insurance required and new products that may be needed is critical.

Claims magazine, in conjunction with ALM’s Globe St., will be holding its third webinar in a series looking at the insurance implications for marijuana-touching businesses, “Legalized Cannabis is Big Business,” on Thursday, Oct. 24 at 2 p.m. ET. The gradual legalization of medical and recreational marijuana by individual states means that regulations differ from state to state, complicating the efforts of businesses operating in multiple states.

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