Cannabis Insurance Blog
OSHA’s Guidance for PPE and COVID-19
WHILE FED-OSHA has not issued specific regulations regarding personal protective equipment for COVID-19, employers are still required under existing rules to conduct hazard assessments to determine PPE requirements for their worksite. Before employers consider PPE...
Underground Shops Served with Tax Warrants
STATE AUTHORITIES are targeting underground cannabis retailers in Southern California, serving them tax warrants for unpaid taxes and seizing product and cash. The California Department of Tax and Fee Administration seized nearly a million dollars in illegal cannabis...
Bankruptcy Obstacles for Cannabis Companies
DUE TO the COVID-19 pandemic, more and more businesses are filing bankruptcy. And while many cannabis operators may be thriving during this time, others have been affected like other businesses during the economic downturn. But while businesses in other industries can...
MEET THE CANNABIS CONNECT INSURANCE TEAM
STEPHANIE BOZZUTO is a third-generation insurance professional who not only saw an opportunity to make a living in cannabis, but to help do a little justice in an underserviced industry that she believes too often gets the raw end of things. Bozzuto, who has 14 years...
Retail Marijuana Sales Forecast to Triple by 2024
RETAIL CANNABIS sales are expected to grow by around 45% in the United States this year from 2019, and nearly triple by 2024, according to projections in the 2020 “Marijuana Business Factbook.” But figures for this year may be off the mark as the report was written...
Rates Soar for Cannabis Firms as Investors Sue
CANNABIS INDUSTRY firms are seeing significant hikes in their directors and officers (D&O) insurance rates after a number of them have been sued by unhappy investors. According to a report by Reuters, large cannabis companies like Medmen Enterprises, Canopy Growth,...
New Telecommuter Class Code in the Works
DUE TO the COVID-19 pandemic, California’s workers’ compensation rating agency plans to implement a new class code for telecommuting employees on Jan 1, 2021. The Workers’ Compensation Insurance Rating Bureau of California started work on the new classification as...
COVID-19 Emergency Rating Changes Take Effect
T HE DEPARTMENT of Insurance has approved emergency workers’ compensation rules dealing with COVID-19 and California employers. The rules were recommended by the Workers’ Compensation Insurance Rating Bureau to bring fairness for employers’ experience rating during...
Ten Employee Lawsuit Risks During Outbreak
T HE NOVEL coronavirus has caused immeasurable suffering, both physical and economic. For employers struggling to stay in business, this is a fraught time where mistakes in managing their workforces could lead to employee lawsuits. Here are 10 potential trouble spots...