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MEET THE CANNABIS CONNECT INSURANCE TEAM

Aug 24, 2020 | Business Insurance, Business Operations

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 Marijuana Sales Forecast to Triple by 2024

Aug 14, 2020 | Business Insurance, Business Operations

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

Rates Soar for Cannabis Firms as Investors Sue

Aug 14, 2020 | Business Insurance, Business Operations

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...
New Telecommuter Class Code in the Works

New Telecommuter Class Code in the Works

Aug 14, 2020 | Business Insurance, Business Operations

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

COVID-19 Emergency Rating Changes Take Effect

Aug 7, 2020 | Business Insurance, Business Operations

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

Ten Employee Lawsuit Risks During Outbreak

Jul 26, 2020 | Business Insurance, Business Operations

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...
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