Cannabis Insurance Blog
Several States Could Legalize Marijuana
THIS YEAR is shaping up to see a number of states legalizing cannabis sales to some degree, either for medicinal use or recreational use. Marijuana Business Daily reported that the chances are good that at least eight states could either legalize marijuana for adult...
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Top New Laws and Regs Affecting Businesses
THE NEW decade starting off with a tsunami of new laws and regulations that affect California businesses. Companies operating in California will have to be prepared for significant changes or open themselves up to potential litigation, fines and other risks. Here’s...
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Preparing for Commercial Insurance Hikes in 2020
With 2020 in full swing, the year looks to present a sizable challenge – commercial insurance hikes across most lines of insurance. According to insurance broker Willis Towers Watson’s 2020 Insurance Marketplace Realities, business owners should prepare themselves to...
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California Cannabis Tax Will Increase Jan. 1, 2020
On New Year’s Day, 2020, state taxes on legal marijuana will increase both at the retail and wholesale levels, the California Department of Tax and Fee Administration has announced. The marijuana mark-up rate from wholesale to retail has been set at 80% as of Jan. 1,...
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Prevent Employee Theft Before It Eliminates Your Firm
EMPLOYEE THEFT and fraud is a perennial problem. One rogue employee can seriously damage the finances of a company. About a third of all business failures trace back to employee theft and crime, according to the U.S. Department of Commerce. Small and midsize...
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New Rules Allow Employers to Reimburse for Health Premiums
STARTING JAN 1, 2020, employers can establish accounts for their employees to help them pay for individual health insurance policies they purchase, as well as for other health care expenses. A new regulation expands on how health reimbursement accounts can be used....
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California Cannabis Companies Get Bills for ‘Misclassified’ Workers
One outgrowth of a new state law that applies more stringent criteria for what constitutes an independent contractor is that many employers are likely to see more audits and calls for additional premium from their workers’ compensation insurers. In fact, it’s already...
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Combatting Sexual Harassment in Cannabis Businesses
California law now mandates that employers with five or more employees must provide company-wide harassment prevention training. This mandate requires all businesses in California with 5 or more employees to provide sexual harassment training and education by January...
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Insurance Contract Wording Cannabis Business Owners Should Avoid
It is important to note that every business in the chain of custody (cultivation, processing, manufacturing, distributing, wholesalers and retailers alike) are responsible for product tampering and tracking. Below are some forms that may be found on a general...
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