Are cannabis licenses required to get insurance coverage?
AlphaRoot Team
Yes, insurance providers often require proof of proper licensing to underwrite policies.
Related FAQs
How does Section 280E of the Internal Revenue Code affect cannabis businesses’ taxes, and what strategies can help manage its impact?
AlphaRoot Team
Section 280E prohibits businesses that traffic in Schedule I or II controlled substances (including cannabis) from deducting ordinary and necessary business expenses. Because cannabis remains illegal under U.S. federal law,...
What are best practices for inventory management and seed-to-sale tracking in cannabis operations?
AlphaRoot Team
Many states require seed-to-sale tracking systems that record every gram of cannabis from cultivation to sale. Effective inventory management should: • Use state-approved software that integrates cultivation, manufacturing, and retail...
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California's cannabis industry grapples with debt from taxes and regulations, as seen in company struggles. Learn key strategies for financial survival and the importance of comprehensive insurance coverage in this... Read More
How to Get a Cannabis License in Maryland
Learn how to obtain a cannabis license in Maryland with our comprehensive guide. Navigate the application process and legal requirements successfully. Read More
Independent Cannabis Operators Don’t Have to Fear MSOs – Here’s Why
Collaboration between MSOs and independent cannabis operators can benefit both sides, fostering growth, navigating regulations, and strengthening the industry while overcoming historical mistrust. Read More
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