What is the difference between a carrier and a broker in cannabis insurance?
AlphaRoot Team
A carrier provides the insurance policy, while a broker acts as an intermediary between the business and the insurer, helping to find the best coverage.
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
Cannabis Insurance Trends 2020
Plenty of industries are booming nowadays—fintech, on-demand, micromobility, etc. The cannabis industry, however, tops the charts for tremendous growth as well as intense social impact. With so many developments in... Read More
Overcoming the Hurdles: Challenges and Opportunities in the Industrial Hemp Industry
Despite regulatory hurdles and production challenges, the industrial hemp market offers significant opportunities for innovation, sustainability, and economic growth. Collaborative partnerships and a focus on domestic production can pave the... Read More
Active vs. Inactive Cannabis License: Is California Overregulated?
Discover why inactive California cannabis licenses now outnumber active ones. Let’s examine the regulatory, financial, and competitive hurdles facing the California cannabis industry. Read More
How to Craft Your Cannabis Company Mission Statement
Your cannabis company mission statement is far more than a mere fluff piece for your annual report — it’s your business’s guiding light. Here’s how to get it right and... Read More
California Cultivators & Price Compression: Tips for Riding It Out
California cultivators have been striving for more than 30 years to succeed. However, the recent cannabis price compression creates challenges. Let’s delve into the situation. Read More
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