05/22/2019
Finding right insurance is key to any ma*****na company’s business plan
At a time when the U.S. Department of Justice is increasingly hostile toward the ma*****na industry, experts said the best way for MJ businesses to keep federal law enforcement at bay is compliance with state laws and best business practices.
One important way to do that is through insurance, which more states are requiring ma*****na businesses to have.
“Being in compliance is the main thing that we want to show the Department of Justice, and part of that is going to be insurance,” said Patrick McManamon, CEO of Cannasure Insurance Services, a Westlake, Ohio-based brokerage that recently launched a line of products for ma*****na businesses.
“Just making sure you as a business are checking all the boxes that your state is requiring of you to operate will go a long way.”
But many ma*****na entrepreneurs remain hesitant to get insurance for various reasons.
Some fear that information about their businesses shared with entities like insurance companies could be easily accessed by federal authorities.
Others don’t believe insurance is worth the cost or simply don’t know it’s available.
Full contined article:
At a time when the U.S. Department of Justice is increasingly hostile toward the ma*****na industry, experts said the best way for MJ businesses to keep federal law enforcement at bay is compliance with state