The cannabis industry is a rapidly evolving market. Our cannabis insurance experts keep you up to date with crucial insights in the risks and opportunities, as well as the custom solutions you need.
WHITE PAPER | Q2 2023 | 7 MINUTES
Despite the growing acceptance and legalization of cannabis, it remains federally illegal in the United States, creating unique challenges for the industry. Jencap explores three possible future scenarios for federal cannabis reform and their impact on cannabis insurance.
Running a dispensary in the rapidly growing cannabis industry presents unique challenges, particularly when it comes to securing the right insurance coverage. Many dispensaries, eager to get their business off the ground, make easily avoidable mistakes during the...
In the ever-evolving landscape of cannabis, the conversation around product safety, quality control, and insurance coverage is more relevant than ever. With states across the country adopting varying degrees of legalization for hemp and marijuana, understanding the...
A new year marks a new beginning, with hope, anticipation, and curiosity for what the coming months may bring. And in a dynamic industry like insurance, you never know with absolute certainty what might be just beyond the horizon. Stepping into 2024, we asked Jencap’s...
On August 2, Missouri cannabis regulators suspended Delta Extraction’s cannabis business license, accusing them of illegally sourcing materials from an unlicensed facility. Twelve days later, over 60,000 of Delta Extraction’s products were recalled state-wide. ...
Multistate operators (MSOs) are the heavy-hitters of the cannabis industry. These are established, well-funded players who set their sights on expanding into as many new markets and states as possible — a feat that’s not easily accomplished in the heavily regulated...
2022 was a trying year for businesses and consumers alike, and 2023 will no doubt face its own set of challenges. In an interview with Insurance Business America, Mike Becker, CEO of the National Association of Professional Insurance Agents, offers encouragement to...
Those of us working in the cannabis industry remember last year’s recall in Michigan. The cannabis recall was the largest in the state’s history, costing over 400 dispensaries nearly $200 million worth of product. But recalls can exact a toll beyond just lost...
With public opinion warming and state legislation loosening around cannabis, a new type of venue is hitting the social scene. Cannabis consumption lounges—sometimes called cannabis bars—are popping up across states that have legalized recreational marijuana....
Cannabis industry experts at BDSA Analytics project the global sales of cannabis will increase by 22% over last year’s figures, reaching $35 billion in 2022. The legal cannabis market is poised to grow 20-30% per year and is expected to reach $50 billion by 2026. As...
Marijuana regulations at the state level flip-flop on a weekly basis, making it difficult to keep up. When that happens, a new wave of laws and overturned court opinions will sweep across the country.The only thing changing as quickly as cannabis legislation is the unique insurance needs of this budding industry. We figured you could use a go-to reference for all things cannabis insurance that is current and reliable.
TRENDS | UPDATED Q2 2023 | 6 MINUTES
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