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Instant Insights

Instant Insights / Marijuana and the Insurance Industry

Cannabis businesses face unique risks and challenges, and insurance slowly gaining its footing on how to properly insure this budding industry.

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  • Market Insights

    Is a cannabis patent war on the horizon?

    Norman Ives and Morgan Moore | April 10, 2020

    Cannabis business clients may soon face new patent-related risks.

  • Case Study

    Does workers' compensation have to reimburse for medical marijuana?

    Hannah Smith | January 21, 2020

    A court case questions whether an employer should reimburse an employee for the prescribed use of medical marijuana after a work-related accident.

  • News

    Cannabis businessowners policy approved in Nevada

    Patricia L. Harman | January 13, 2020

    This comprehensive policy provides coverage for cannabis manufacturers, distributors, processors and dispensaries.

  • News

    Calif. DOI clears hurdles for potential licensees with cannabis convictions

    Hannah Smith JD | January 29, 2020

    Certain individuals with past cannabis convictions can now pursue insurance-related licenses under Commissioner Lara's directive.

  • Expert Opinion

    Practical considerations for insuring cannabis, hemp & CBD

    Alex Malyshev | January 14, 2020

    The conflict between state and federal laws puts traditional federal “rights” out of reach for cannabis businesses and insurers.

  • Load More Stories
  • Slideshow

    13 P&C insurance concerns related to legal cannabis

    Elana Ashanti Jefferson | July 17, 2019

    While some carriers worry about marijuana's legal status, others are concerned about their competitors getting ahead.

  • Market Insights

    New bill aims to help cannabis businesses obtain insurance

    Denny Jacob | July 30, 2019

    The bill would establish a 'safe harbor' that would prevent federal criminal prosecution and civil liability for agents, brokers and insurers.

  • News

    Florida governor wants new hearing in major cannabis case

    Dara Kam | July 29, 2019

    The state argues that an appellate court's decision "leaves Florida’s medical marijuana program in 'a regulatory twilight zone'."

  • Market Insights

    Insuring cannabis companies remains problematic

    Jonathan Bergner | February 04, 2019

    Carriers working with marijuana companies still face legal and regulatory challenges — despite the booming marijuana legalization movement.

  • Analysis

    Employee marijuana use: Are organizations prepared?

    Katie Kuehner-Hebert | July 09, 2019

    More than one-third of business owners say they are not yet prepared to manage the impact of legalized marijuana on the workplace.

  • Load More Stories
  • Expert Opinion

    Blowing smoke: Legal risks of cannabis

    Aaron J. Sussman, Charles Kuhn and Keith Geurts | June 17, 2019

    Cannabis laws in Canada, the United Kingdom and the U.S. vary significantly and insurers must be aware of the nuances.

  • News

    CBD takes center stage at FDA hearing on cannabis products

    Joshua Horn and Ellis W. Martin | June 27, 2019

    The federal agency set a July 2 deadline for written responses to the issues raised in the hearing.

  • Best Practices

    Managing marijuana's organic and hazardous waste

    Steve Schain | July 17, 2019

    Cannabis' unique qualities and strict regulations are expected to make waste handling a complex regulatory matter.

  • Q&A

    Two times marijuana fogged up homeowners' insurance claims

    FC&S Editors | April 03, 2019

    Coverage Q&A: As legal marijuana use becomes more pervasive nationwide, so too will cannabis-related insurance claims.

  • Market Insights

    Cannabis in-house counsel have growing concerns over litigation

    Dan Clark | July 18, 2019

    Fifty-six percent of cannabis in-house counsel believe they will need to increase legal resources to keep up with the market, says report.

  • Load More Stories
  • Market Insights

    Legal marijuana: Many insurers just won't touch it

    Brian Louis | August 24, 2018

    Allianz, Hartford and Nationwide are among large insurers that aren’t covering marijuana-related businesses.

  • Market Insights

    Insurance and the state of the cannabis union

    Joyce Anne Grabel | December 02, 2019

    The cannabis insurance market is yielding a new crop of opportunities for 2020 and beyond.

  • Market Insights

    Cannabis emerges as a multibillion-dollar industry in key states

    Mariah Brown | December 03, 2019

    A total of 33 states have legalized medical programs, and 11 states have legalized adult-use programs.

  • News

    Legalized marijuana: Opportunity or time bomb? – Part 1

    Patricia L. Harman | April 01, 2019

    The legalization of marijuana across the country raises multiple issues for carriers that are determining whether to enter into this new economy.

  • News

    Examining the risks of legalized marijuana — Part 2

    Patricia L. Harman | April 02, 2019

    There are many myths surrounding the manufacture and sale of legalized marijuana, but these enterprises are firmly positioned to grow a new industry.

  • Load More Stories
  • Analysis

    Year in review: Growing cannabis, cyber and weather claims

    Aubrey Gene | December 10, 2019

    How the emerging marijuana industry, the sophistication of ransomware and an increase in wildfires are affecting insurance claims.

  • News

    Finding the opportunities in legalized marijuana – Part 3

    Patricia L. Harman | April 03, 2019

    The conflict between federal and state regulations regarding legalized marijuana is creating some potholes for insurers.

  • News

    Industry groups react to passing of the SAFE Act of 2019

    Denny Jacob | March 29, 2019

    The House Committee on Financial Services approved the bill with a vote of 45 to 15.

  • Analysis

    How risk management can make marijuana-related businesses bulletproof

    Steve Schain | April 01, 2019

    Assembling a risk management insurance team could prevent a marijuana-related businesses from foundering.

  • Analysis

    Blossoming cannabis industry faces unique cyber risks

    Victoria Hudgins | November 25, 2019

    Some states' seed-to-sale tracking and identification requirements make the legalized cannabis industry easy prey for hackers.

  • Load More Stories
  • Q&A

    Insurer seeks controlled substances exclusion clarity

    FC&S Editors | March 13, 2019

    Coverage Q&A: Insurance liability questions arise after one state objects to policy exclusion language due to the opioid epidemic.

  • Expert Opinion

    USDA's hemp regulations create challenges for hemp and CBD producers

    Ian Stewart, Justin Dobek and Ruben Espinosa | December 19, 2019

    The interim rules state that a failed test from a distinct lot may invalidate the entire harvest, causing major income losses for producers.

  • Research

    Most medical cannabis users have operated vehicles under the influence, study finds

    Steven A. Meyerowitz | January 18, 2019

    One in five said they had driven while 'very high' in the past six months, University of Michigan researchers reported.

  • News

    Beware of National Weed Day: Insurers could see an increase in auto claims

    Patricia L. Harman | April 19, 2019

    Drinking, drugs and driving don’t mix, but not everyone realizes they’re impaired, especially on '4/20.'

  • Expert Opinion

    Cannabis and employee drug testing: A tricky combination

    Brandyne Russell and Mindy Sircus | July 22, 2019

    With more states working to decriminalize or legalize marijuana use, routine workplace drug screening deserves a closer look.

  • Load More Stories
  • Analysis

    The SAFE Banking Act: High hopes for the cannabis industry

    Lisa Gora and Anthony M. Osbourne | November 15, 2019

    Despite its progress, the SAFE Banking Act still requires the approval of the U.S. Senate and President to become law.

  • News

    Pending legislation makes insurance available to hemp growers

    Jack Kaskey | November 29, 2018

    Congress is on the verge of fully legalizing hemp under a new farm bill agreement.

  • Market Insights

    How the legalization of marijuana affects the employer-injured worker dynamic

    Denise Elliott and Paul Clouser | November 08, 2018

    What does an employer need to know when dealing with an injured worker who is also using medical marijuana?

  • News

    As states legalize pot, warnings issued on impaired driving

    Ryan Beene and Alan Levin | October 17, 2018

    Evidence shows a substantial increase in drugged-driving deaths as opiate use soars and marijuana has become legal.

  • Commentary

    Cannabis coverage conundrum: Was this property claim doomed?

    Michael S. Levine and Geoffrey B. Fehling | October 04, 2018

    One recent case raises several important insurance issues for policyholders and previews likely battlegrounds for future cannabis coverage disputes.

  • Load More Stories
  • Analysis

    When marijuana collides with the claims industry

    Susan Daniels and Mike Neroda | March 14, 2018

    Cannabis claims can involve some unique customers and issues. Finding the truth will take a thorough investigation.

  • News

    Marijuana and insurance policy disputes

    Hannah Smith | March 28, 2018

    The lack of uniform cannabis laws creates some coverage confusion for insurers.

  • News

    Insurance is budding in California's cannabis industry

    Denny Jacob | May 28, 2018

    Nearly 22 years ago, California voters enacted a ballot measure legalizing the medical use of cannabis.

  • Analysis

    Medical marijuana & workers' comp: Burning questions that need answers

    Jenifer Dana Kaufman | May 29, 2018

    How will it be determined if the use of medical cannabis is reasonable for an injured worker?

  • Case Study

    Home used to illegally grow pot. Still a residence for insurance purposes?

    Steven A. Meyerowitz | April 24, 2018

    Homeowners allege that Auto-Owners improperly denied their insurance claim, which sought coverage for property damage due to an illegal marijuana grow operation.

  • Load More Stories
  • News

    Using medical marijuana to treat construction workplace injuries

    Jake Morin | January 29, 2018

    Medical marijuana may be a good alternative to opioids for some, but what are the pros and cons for the construction industry?

  • Marijuana and insurance policy disputes

    Hannah Smith | February 28, 2018

    The lack of uniform cannabis laws creates some coverage confusion for insurers.

  • Expert Opinion

    Doing business with the cannabis industry? Make sure your insurance covers you

    Shanti Eagle and Martin Fox-Foster | November 09, 2018

    Businesses operating even tangentially in the cannabis industry leave themselves open to insurance coverage denials.

  • Analysis

    What happens when marijuana is excluded from coverage?

    Steven A. Meyerowitz | November 06, 2018

    Damage caused by commercial tenants caught growing marijuana may not be covered by the landlord’s insurance policy.

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