Marijuana Venture - Cannabis Risk Management Guide
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What’s Covered
Industry Overview
The cannabis industry encompasses hemp, marijuana, and CBD products, each regulated by varying legal standards. Hemp is legal federally, while marijuana remains restricted.
Insurance Challenges
Cannabis companies face high premiums and limited insurance options due to legal ambiguities. Specialized brokers help tailor coverage for this evolving market.
Essential Coverage Types
Coverage includes general liability, product liability, and crop insurance. Each type addresses unique risks, with product liability being crucial for manufacturers.
