Are cannabis licenses required to get insurance coverage?

Answered By:
AlphaRoot Team
993 7 months ago

Yes, insurance providers often require proof of proper licensing to underwrite policies.

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How does Section 280E of the Internal Revenue Code affect cannabis businesses’ taxes, and what strategies can help manage its impact?

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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,...

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What are best practices for inventory management and seed-to-sale tracking in cannabis operations?

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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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