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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Downsizing in Downturns, EPL Insurance Considerations
Whether because of layoffs or cutbacks, downsizing can quickly trigger employment-related issues. Here are some EPL considerations cannabis companies need to keep in mind. Read More
Cannabis Longevity: How Restructuring Might Improve Your Long Game
Achieving cannabis longevity might require some thinking outside the box — perhaps even restructuring your company. Here’s an example of a canna-business who made it work for them. Read More
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