Obstacles, Pitfalls for Marijuana Companies Seeking Insurance
By John Schroyer
Finding the right insurance policy – or policies – in the cannabis industry can be tricky.
Although it’s typically fairly easy to get some kind of basic coverage, the devil is often in the details. Many marijuana businesses have been burned by plans that looked good at the 30,000-foot-view but failed to provide a safety net when they needed it most.
The stake are high, particularly for startup companies that could lose everything if they encounter a fire, a natural disaster or even a serious power outage, all of which could be devastating for cannabis companies