Do insurance policies cover losses due to government seizures of cannabis?
AlphaRoot Team
Most insurance policies do not cover losses due to government seizures of cannabis, as it involves legal and regulatory issues.
Related FAQs
What alternative financing options are available to cannabis businesses when traditional bank loans aren’t accessible?
AlphaRoot Team
Banks are wary of serving cannabis companies because the plant is federally illegal; as a result, most cannabis firms still operate largely with cash and struggle to access basic banking....
How can cannabis companies find secure and compliant payment processing services in a cash-heavy industry?
AlphaRoot Team
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...
Curated News
NY Dispensaries Sidestep the Law — What You Should Know
When NY dispensaries sidestep the law successfully, it's worth talking about. Let's look at how a unique cannabis company in NYC is making it work. Read More
New York Cannabis Regulators Sued Again — Here’s the Deal
New York cannabis news is usually interesting — but nothing beats Empire State regulators being sued, which is precisely what’s unfolding. Here’s what we know. Read More
Ready, Set, Renew! Master Your Cannabis Insurance Renewal Process
The cannabis insurance renewal process isn’t rocket science, but it does entail a few must-knows. Let’s discuss what all canna-business leaders should understand. Read More
5 Overlooked Elements When Scaling Your Cannabis Dispensary
The fast track to scaling your cannabis dispensary isn't always clear-cut. Let's uncover elements some company leaders overlook during high-growth periods. Read More
Insurance for Cannabis, CBD & Hemp Extraction Companies
Download our coverage overview for cannabis extraction companies here. We have the pure crop now what do we do!? Extraction techniques are used to separate the components of cannabis and... Read More
Ask a Question
We’re here to help. Whether you’re looking for expert advice or need clarification, our team is ready to assist. Reach out, and let’s find the answers together.
