Cannabis Insurance Blog
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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HR 360 for Cannabis Businesses
Traditionally, the primary role of Human Resources (HR) was to handle the hiring and firing of employees. HR is also responsible for keeping organizations compliant with employment law, handling employee disputes, and more. Not every business has the financial...
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Cannabis Delivery Auto Insurance – What to Know
Cannabis is a booming industry projected to be worth over $40 billion by 2024. With laws becoming more favorable towards the industry with each day that passes, it’s an exciting time to own a cannabis business. With the industry expanding, many cannabis dispensaries...
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Cannabis Event Insurance
A major part of marketing your brand and establishing business contacts in the cannabis industry is attending or hosting special events. Cannabis trade shows (public or private events), such as festivals, conferences, trade shows, competitions, and celebrations, to...
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