What role do insurance certificates play in cannabis business operations?
Insurance certificates play a critical role in cannabis business operations by providing proof of insurance coverage to partners, regulators, landlords, and financial institutions. They are often required to demonstrate compliance with regulatory requirements, secure leases, and establish trust with business partners. Regularly updating and providing these certificates as needed helps maintain transparency and compliance.
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What alternative financing options are available to cannabis businesses when traditional bank loans aren’t accessible?
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Because federal prohibition deters most banks, cannabis retailers often handle large amounts of cash, creating security risks. To accept large payments safely: • Work with a payment processor experienced in...
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