What are the consequences of not disclosing all relevant information to my insurer?
AlphaRoot Team
Failing to disclose all relevant information to insurers can result in denied claims, policy cancellations, and potential legal action.
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
How Cannabis Companies Prep for State Licensing
With several new states coming online soon, cannabis companies must know what it takes to pursue state licensing. Dispensaries and cultivation companies are typically first in line. Are you ready? Read More
How to Reduce Your Cannabis Business Risk Level
A cannabis business has a unique risk level, mostly due to the emerging status of the industry. Here’s how leaders can reduce their risk level and find success. Read More
New York Cannabis Injunction Delays Opening of New Dispensaries
Here’s the skinny on how the latest New York cannabis injunction has wholly halted new dispensary licenses. How will this impact the future of the cannabis market? Read More
The Difference Between Endorsements and Exclusions
Knowing the scope of your commercial insurance policy is essential. Let’s review how endorsements and exclusions can optimize cannabis coverage. 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
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