Question
Cannabis Insurance. The cannabis industry is expanding rapidly as states individually legalize use of the substance for medicinal or even recreational use. https://content.naic.org/cipr-topics/cannabis-and-insurance https://www.insurancejournal.com/magazines/mag-features/2017/10/16/467075.htm https://www.forbes.com/sites/marycarreon/2018/06/08/cannabis-industry-insurance-californias-next-trend/?sh=230fa8716ed1
Cannabis Insurance. The cannabis industry is expanding rapidly as states individually legalize use of the substance for medicinal or even recreational use.
https://content.naic.org/cipr-topics/cannabis-and-insurance
https://www.insurancejournal.com/magazines/mag-features/2017/10/16/467075.htm
https://www.forbes.com/sites/marycarreon/2018/06/08/cannabis-industry-insurance-californias-next-trend/?sh=230fa8716ed1
Based on the above links I need help in listing 2 property and 2 liability coverages that would be important for any business owner that works with or related to the cannabis industry in the USA. Remember the industry includes more than the dispensary.
What are the challenges you might face when providing those coverages?
How could you overcome those challenges? How should insurance companies providing insurance to the cannabis industry in the USA manage the divide between the McCarran-Ferguson Act, the Controlled Substances Act, and policy language removing coverage for illegal activity?
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