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...
Curated News
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What Is a Hybrid Cannabis License?
Recreational cannabis is now legal in 21 states, while medical cannabis is legal in 39 (including the District of Columbia.) Each state is a market silo, run by its own... Read More
SAFE Banking Act Update 2024
The SAFE Banking Act has been on the cannabis radar for several years. Here’s what we know, including updates and expectations. Read More
The Rise of CBD and THC Alternatives: What’s Next?
As interest in cannabis continues to evolve, alternative cannabinoids like CBN, CBG, and Delta-8 THC are gaining popularity. This article explores the benefits and future potential of these alternatives, highlighting... Read More
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