Insuring Cannabis Podcast - Insurance Journal TV: Recent Episodes
Insurance Journal
The Insuring Cannabis Podcast is a bi-monthly trip into the intersection of two industries (insurance and cannabis) that couldn't be more different.
CBD, once considered a safer cousin to sell and to insure than marijuana, has become a bit of a gray area for regulators and insurers. That’s because of the lack of regulatory guidance, and the fact that the Farm Bill has yet to be finalized. There’s a level of trepidation in the insurance industry, but one insuring cannabis specialist sees the CBD space as an opportunity for producers. For our latest podcast, we spoke with Summer Jenkins-Wilson, a principal with Capital Green Consulting.
The post 96: CBD’s Gray Area an Opportunity for Insuring Cannabis Specialists appeared first on Insurance Journal TV.
Explore how robust risk management serves as the foundation for cannabis operators, with insurance as a vital backstop against unexpected losses. Watch this clip from the Insuring Cannabis Summit 2024 as Al Ochosa of Curaleaf talks about what he’s seeing in the industry. To watch the full on-demand videos from the summit click here!
To register for free to next year’s summit or to be a speaker click here!
The post Risk Management: The First Line of Defense in Cannabis Insurance appeared first on Insurance Journal TV.
Explore the evolving landscape of cannabis insurance as industry leaders discuss cyber exposure, regulatory hurdles, and the implications of widespread business platforms on risk management. Watch this excerpt from the Insuring Cannabis Summit as Alan Fiano of Crum and Forster talks about what he’s seeing in the industry. To watch the full session and the on-demand videos from the summit, click here!
CannabisInsurance #CyberRisk
The post Navigating the Complexities of Cannabis Insurance: Cyber Risks and Regulatory Challenges appeared first on Insurance Journal TV.
Explore how technological advances in the cannabis industry are driving new risks, including cybercrime and ransomware, as experts at the 2024 Insuring Cannabis Summit share insights on risk management and business protection. Watch this clip from the Insuring Cannabis Summit as Cooper O’Connor talks about these new risks — to watch the full panel and more videos from the summit click here!
The post Insuring the Future of Cannabis: Navigating Risk in a High-Tech, High-Stakes Industry appeared first on Insurance Journal TV.
The cannabis industry has made significant strides in security, standardizing systems nationwide while dispelling concerns over crime and property values in communities.Watch this excerpt from the Insuring Cannabis Summit where Ed Allen of Story Cannabis talks with moderator Charles Pyfrom of CannGen about what he’s seeing in the industry. To watch the full panel, visit insuringcannabissummit.com today!
CannabisSecurity #BusinessGrowth
The post How Evolving Security Measures are Shaping the Future of Cannabis Businesses appeared first on Insurance Journal TV.
Check out the Insuring Cannabis LinkedIn Live Wrap-Up! Join hosts Allen Laman and Elizabeth Blosfield as they highlight the biggest moments from this year’s Insuring Cannabis Summit!
This virtual event brings together leading experts and industry insiders to dive deep into the fast-evolving world of insuring cannabis, hemp, and CBD – click here to watch the on-demand replays!
Topics include:
🗳️ Elections & their impact on the industry
🛡️ Smart cannabis risk management
💻 Cannabis & cyberattacks
🌎 Emerging markets …and much more!
CannabisInsurance #InsuringCannabisSummit
The post The Insuring Cannabis LinkedIn Live Wrap-Up! appeared first on Insurance Journal TV.
If you’re short on time but in need of some good information to help you in your daily grind in the insuring cannabis space, boy do we have a podcast episode for you. Seriously though. Our annual virtual Insuring Cannabis Summit just wrapped up, so we decided to bring our listeners a few “best of” clips from the event. It’s some of the best advice and information in about the time it takes to get a latte at a popular Starbucks.
The post Cannabis Summit CliffsNotes for the Busy Insurance Pro appeared first on Insurance Journal TV.
As demand for hemp-derived THC drinks surges, brokers and buyers need to be prepared for its mainstream adoption, from backyard barbecues to major league stadiums, while navigating critical insurance challenges. Unlike cannabis-derived THC drinks that require dispensary purchases, hemp-derived THC beverages are more accessible, opening opportunities for sales in venues like stadiums and music festivals. Currently, hemp-derived THC drinks lack comprehensive on-site impairment and consumption insurance coverage, leaving businesses vulnerable compared to the established liquor liability policies. Watch this clip from the Insuring Cannabis Summit as Jesse Parenti describes what he’s seeing in the industry around the beverage market – to view the full interview and summit, click here!
THCDrinks #HempIndustry
The post Hemp-Derived THC Drinks Poised to Dominate Mainstream Venues appeared first on Insurance Journal TV.
Focusing on consumer needs is essential for driving business strategies and service improvements in the cannabis industry, ensuring reforms align with market demand. The Insuring Cannabis Summit 2024 provides key insights on the evolving cannabis landscape, covering risk management, supply chains, compliance, and more — to watch the full summit and get more insights from Allen Laman’s interview with Morgan Fox of NORML, visit the insuringcannabissummit.com today!
CannabisIndustry #ConsumerFirst
The post Consumer-Centric Cannabis is Shaping Business Needs appeared first on Insurance Journal TV.
Explore how Washington, Oregon, and Colorado’s well-established cannabis industries offer valuable lessons in overcoming regulatory challenges and scaling for success, as California continues to grapple with its unique market hurdles in this clip from the summit with Norman Ives of Amwins. To watch the full interview and other sessions from the Insuring Cannabis Summit, click here!
- Mature cannabis markets like Washington and Colorado demonstrate the benefits of low production costs and industry stability.
- California’s regulatory landscape, including high taxes and competition with the illicit market, presents ongoing challenges for the state’s cannabis growth.
CannabisIndustry #CannabisInsurance
The post Future of Cannabis Insurance: Insights from the Most Mature Markets appeared first on Insurance Journal TV.
Experts highlight the importance of safeguarding cannabis properties from external threats while discussing potential improvements in auto liability with evolving technology. In this sneak peek from the Insuring Cannabis Summit, Shauna Blackburn of Blitz Insurance talks about property risk and other external exposures to be aware of – to watch all panels at the summit, visit insuringcannabissummit.com. Whether it’s cannabis or other industries, property risks are similar, but visibility into operations like dispensaries can invite unnecessary threats. #PropertyRisk #CannabisInsurance
The post Securing Your Cannabis Business: Property Risks and Auto Liability in a Changing Landscape appeared first on Insurance Journal TV.
Cyber insurance experts in the cannabis industry discuss unexpected cyber risks, such as hardware vulnerabilities in point-of-sale systems, and explore the evolving landscape of cannabis insurance in a dynamic industry. In this sneak peek, Summer Jenkins-Wilson, Executive Director at Cannabis Insurance Wholesalers talks about what she’s been seeing in the industry at this year’s Insuring Cannabis Summit.
Topics include:
Cyber Threats Beyond Software: A growing focus on hardware vulnerabilities, including point-of-sale machine data breaches, highlights overlooked risks in cyber insurance.
Underestimated Cyber Claims: Despite expectations, cyber claims are less frequent, with misunderstandings about breach protocols and policy coverage contributing to this gap.
Cannabis Insurance Insights: The Insuring Cannabis Summit delves into critical topics like data security, supply chains, and compliance, essential for staying competitive in this evolving sector.
CyberSecurity #DataBreach
The post Unveiling Hidden Risks: Cyber Claims, Data Breaches, and the Cannabis Industry’s Insurance Challenges appeared first on Insurance Journal TV.
This online conference that explores the fast-growing world of insuring cannabis, hemp, and CBD — is available on-demand now!
Expert panels on: Cannabis & Data, Risk Management, Supply Chains, Compliance, Claims & Legalization…and so much more!
Hosted by Claims Journal and Insurance Journal’s Don Jergler, Vice President of Insurance Journal Andrea Wells, and Content Editor at Insurance Journal Allen Laman!
The post Insuring Cannabis Summit is Available On-Demand! appeared first on Insurance Journal TV.
The buzz around descheduling has been growing louder as the elections near. The subject has been side-barred over political quarreling over the years, but just what it means for people who specialize in cannabis has never been more important. We spoke with Shauna Blackburn, cannabis team leader at Blitz Insurance, about what rescheduling would mean for the specialty.
The post EP. 94: What Descheduling Could Mean for Insuring Cannabis appeared first on Insurance Journal TV.
A lawsuit filed last month against the popular cannabis vape brand STIZZY alleging a teenage user developed cannabis-induced psychosis could be a harbinger of things to come if the industry doesn’t change its labeling practices, an insurance attorney steeped in the cannabis space is warning. For our latest episode we spoke with Ian Stewart, cannabis practice leader at Wilson Elser.
The post EP. 93: STIIZY Suit Bringing Cannabis Labeling Issue to Light appeared first on Insurance Journal TV.
Is workers’ compensation insurance treated the same for the cannabis sector as any other industry? Are claims different? What about the risks? Kevin Tarango, director of Cannabis and the Workers’ Comp Dividend Program at Heffernan Insurance Brokers, answers “No” to all the above. He runs the Heffernan Cannabis Association, a workers’ comp program that pays dividends of up to 40% of premium to qualifying cannabis businesses. We spoke with him for our latest podcast episode to get a handle on workers’ comp in cannabis – and, of course, to ask him to talk about his program.
The post EP. 92: Workers’ Comp in Cannabis is Just Another Day at the Office appeared first on Insurance Journal TV.
Think you’ve heard it all when it comes to the sort of information that is sometimes left off policy forms? Think again. Kieran O’Rourke, underwriting manager for Cannasure, has seen a few key pieces of information left off insurance forms. O’Rourke, who is kind of a “buck stops here” type, has also seen some key pieces of info absent on submissions. But he doesn’t mind too much. He’s been doing this awhile, and he had some good insight for insuring cannabis specialists in our latest podcast.
The post EP. 91: Cannabis Insurance Underwriter on Surprising Info Left off Forms, Best Practices appeared first on Insurance Journal TV.
Want further proof that the cannabis industry is no longer the “red-headed stepchild” it is too often viewed as? Just ask TJ Frost. Frost is the president of Symphony Grow, which recently launched a captive program that Frost sees as evidence that the industry has arrived – it’s reached the point of maturity and respect. We spoke with Frost about the program, what sort of companies they are targeting, and why he thinks the program will grow.
The post EP. 90: Captive for Cannabis a Sign of Respect, Industry Maturity? appeared first on Insurance Journal TV.
Commercial auto is a tough topic in any business segment, and as I like to make mention of a lot, it’s tougher still for cannabis businesses. This brings me to delivery, which is becoming a big business where it’s allowed – everywhere from California to Connecticut. One can imagine the needs around such operations, especially the insurance and risk management needs. To get a handle on what’s happening with insurance and the cannabis delivery market, I spoke with Griffen Kapulica, Broker Relationship Manager for Fairmatic, a commercial insurance company delivering data-driven fleet insurance using AI-powered technology and telematics. We looped into the conversation Chris Boden, a long-focused cannabis insurance broker and vice president of the Wholesale Cannabis Division for PL Risk.
The post EP. 89: A Hard Look at Commercial Auto, Telematics and Cannabis appeared first on Insurance Journal TV.
The devil is always in the details, and if you’re a cannabis business with a lot of product and cash to protect – as many dispensaries happen to be – you’ve got a lot of details to note. Brokers specializing in cannabis have a lot of details to deal with too, on behalf of themselves and their clients, in terms of required security measures that carriers want to see implemented, warranties, and so on. For our latest podcast, we spoke with Shauna Blackburn, cannabis team leader at Blitz Insurance, about the “fine lines” that must be read carefully not just on policy forms, but on applications for coverage.
The post EP. 88: ‘Fine Lines’ Cannabis Brokers and Operators Should Keep an Eye on appeared first on Insurance Journal TV.
As we head into the final month of the first quarter, one would think we should have a good idea what the year in business – and the year in insuring cannabis – is shaping up to look like. How do retail insurance brokers who specialize in cannabis feel about things so far in 2024? Are they worried about prices for cannabis products? Are there any new risks to be concerned about? Are they still stoked about the possibilities of emerging products and newly legal states? We spoke with Charles Pyfrom, chief marketing officer at CannGen Insurance Services, about what he’s hearing from his clients so far this year
The post EP. 87: How Do Insuring Cannabis Specialists Feel About 2024 with Most of Q1 Done appeared first on Insurance Journal TV.
Insured losses from severe convective storms in the U.S. continued to rise during the third quarter, surpassing the $50 billion mark for the first time, according to Aon plc’s Q3 Global Catastrophe Recap report. Total aggregated global insured losses from natural disasters in the first three quarters were estimated to exceed $88 billion. Catastrophes are a big topic, and the cannabis industry is facing the same market conditions other industries are – plus all the usual cannabis caveats (limited capacity, federal illegality, higher rates). To get a handle on cats and cannabis, we spoke with Brad Robinette, chief marketing officer of Quadscore. He’s in charge of Quadscore’s distribution across its entire portfolio, ranging from its small business specialty product to its middle and large market account space.
The post EP. 86: Cats and Cannabis Operators appeared first on Insurance Journal TV.
There’s been ample coverage on what states will be hot for cannabis and those who work to insure cannabis businesses – especially on the Insuring Cannabis podcast – but not much on what it’s like to service these businesses in these states, particularly the newly legal states. For our first podcast of the new year, we spoke with Erich Schnieider, managing director at Alpharoot, which has been active in new markets lately, about the hurdles as well as advantages of selling insurance to operators in certain states.
The post EP. 85: Selling Insurance to Cannabis Businesses in Newly Legal States in 2024 appeared first on Insurance Journal TV.
Don Jergler speaks with Erich Schutz, cannabis insurance specialist and practice leader at Jencap, about a transformative journey navigating personal challenges when his son, Wallace David, was diagnosed with Fragile X syndrome, and how he and the family are being helped though a CBD trial. Listen to our first podcast interview on this subject here: https://www.insurancejournal.tv/videos/22967/
The post Navigating Challenges and Celebrating Triumphs – A Follow-up Interview appeared first on Insurance Journal TV.
Erich Schutz has been a cannabis insurance specialist since around the time it first became legal. He even adopted a “cannabis ninja” nickname. However, Schutz, cannabis practice leader at Jencap Specialty Insurance Services, is a father whose been going through some significant challenges. His son, Wallace David, was diagnosed with Fragile X syndrome, which can cause some degree of intellectual disability. Wally’s difficulties included anxiety, pain, and sleeping was big problem. Then, within the very industry Schutz has worked so long to represent, they found out about a CBD trial for a medication from a company called Zynerba. The four-month double blind, study ran through Boston Children’s Hospital, turned out to be a game-changer for the family.
The post EP. 84: Insuring Cannabis Pro Finds Hope, Improvement for Son in CBD Trial appeared first on Insurance Journal TV.
Morgan Fox with NORML has a good handle on the current odds facing the SAFER Banking Act. But even with the world in turmoil and the eternal unrest in the House, he offered some hope for what would be a landmark reform. His Live appearance follows my recent Insuring Cannabis podcast episode, in which he goes into details on the bill and what it would mean for cannabis insurance specialists.
Listen to the podcast!
The post NORML’s Morgan Fox on SAFER Banking’s Odds, What Next appeared first on Insurance Journal TV.
SAFE Banking was a much-introduced and more often-sidelined federal bill to provide a safe-harbor for banks doing business with cannabis operators. The new manifestation, the Secure and Fair Enforcement Regulation Banking Act, or the SAFER Banking Act, would ensure that state-sanctioned cannabis businesses have access to deposit accounts, and importantly, it includes insurance and other financial services. Our latest podcast episode seeks to get a handle on the bill’s odds, and possibly what’s next, with Morgan Fox, political director at NORML.
The post EP. 83: SAFER Banking and What it Means for Cannabis Insurance Specialists appeared first on Insurance Journal TV.
In sales, you always hear about the big fish. Conversely, catering to new companies, or what some would call business babies or startups, may seem like a chore. But Danielle Hernandez has built her business on these very young cannabis companies. A big part of it is that Hernandez, agency manager and cannabis practice leader at Gilbert Insurance Group, likes the helper/coach role. But there’s a bit of a bottom-line too, which Hernandez covered in our latest Insuring Cannabis podcast.
The post EP. 82: Specialist Focuses on Baby (New) Cannabis Companies appeared first on Insurance Journal TV.
Hemp is often a side-note in conversations about the cannabis industries, but hemp has far greater growth potential than most people probably think. That’s according to a new report out that shows hemp along is a $350 billion market based on just 10 industrial uses. Our latest episode features Beau Whitney, an economist whose firm Whitney Economics out of Oregon builds data-driven economic models for hemp and cannabis operators, investors and regulators.
The post EP. 81: Hemp Market’s Growth Potential May be Bigger Than You Think appeared first on Insurance Journal TV.
Michigan cannabis sales are a great story. Sales there reached another record in July, hitting $277 million for the month, and look to head well over $3 billion for the year. This is good news for operators there, as well as the specialty brokers who serve them. Mallory Czuchra is cannabis program manager for Rockall Insurance Agency, a managing general underwriter that offers services to the cannabis industry. Her firm is feeling the good vibes from all this growth, and she expects things to continue to hum along in Michigan.
The post EP. 80: Michigan Cannabis Sales a Boost for Insurance Brokers appeared first on Insurance Journal TV.
This year’s summit will feature master classes for insurance professionals in a distressed cannabis market. Ample opportunities are springing up around the country despite the lag in the once-booming cannabis sector – and the promise from emerging cannabis products shows no bounds.
We found some of the most recognizable successes in the insuring cannabis business to give a series of master classes over three days in an event that breaks the talking-head summit paradigm.
Join each day for 60 to 90 minutes as professionals from all corners of the specialty give instruction on data and trends to watch, emerging cannabis and insurance products, and navigating a distressed cannabis market.
Register for free today at: insuringcannabissummit.com
Special thank you to our presenting sponsors: Cannasure, CannGen and Jencap!
The post Check Out This Year’s Insuring Cannabis Summit Lineup appeared first on Insurance Journal TV.
With all the changes in the cannabis market in the past year, one area of insurance that has remained surprisingly far in the background is reps & warranties … Read More »
The post EP. 79: A Look at Reps & Warranties in a Changing Cannabis Market appeared first on Insurance Journal TV.
Don’t miss this year’s Insuring Cannabis Summit hosted by Insurance Journal’s Don Jergler! This three day virtual event will feature bite-sized sessions with top experts in the industry. … Read More »
The post Coming Soon: The Insuring Cannabis Summit 2023! appeared first on Insurance Journal TV.
Some cannabis insurance brokers are seeing better conditions for their cannabis clients – lower rates, better terms. It could be that other industries are just catching up to … Read More »
The post EP. 78: Are Insurance Conditions for Cannabis Catching up with Other Businesses? appeared first on Insurance Journal TV.
You don’t hear a lot about insurtech and cannabis, but one firm aims to change that paradigm. SquareRisk principals also say they aim to transform the wholesale distribution … Read More »
The post EP.77: Cannabis Insurtech a Sign of More to Come in Cannabis? appeared first on Insurance Journal TV.
Cannabis operators are beefing up security, and in some cases they are custom fortifying, in hopes of making a case to carriers for lowering premiums. One well-known cannabis … Read More »
The post EP. 76: Cannabis Operators Custom Fortifying to Make a Case to Carriers appeared first on Insurance Journal TV.
For some reason the podcast format seems to lend itself to the cannabis world. There are more cannabis focused podcasts than one can count. And they vary broadly … Read More »
The post EP. 75: The Universe of Cannabis Podcasts: Education, Fun, Advocacy, Insurance appeared first on Insurance Journal TV.
In the second in a series of episodes within the Insuring Cannabis podcast focused on science, we learn about cannabis extraction. Starting with an extraction 101 explainer, we … Read More »
The post EP. 74: The Science of Cannabis Extraction appeared first on Insurance Journal TV.
Insurance professionals specializing in cannabis across the nation in the last few years have gone from few and far in between to too many to count as cannabis … Read More »
The post EP. 73: Carrier-Broker Relations Evolving as Insuring Cannabis Matures appeared first on Insurance Journal TV.
At first glance, it would be tempting to write off ventures like Behavior Labs or reepher, as consumer-oriented endeavors with little more than passing interest for insurance professionals specializing in cannabis. However, these “behavior products,” as the founder of the companies refers to them, may have some value for the insuring cannabis space. For our latest episode, we spoke with Justin Kahn, a serial entrepreneur and cofounder & CEO of reepher and Behavior Labs.
“This episode is supported by Cannasure, insurance designed to protect and grow the cannabis industry nationwide. Learn more and get appointed at cannasure.com. “
The post EP. 72: What Cannabis Insurance Pros Should Know About ‘Behavior Products’ appeared first on Insurance Journal TV.
In the first in a series of episodes within the Insuring Cannabis podcast focused on science, we learn about toxicology and cannabis. Starting with a sort of toxicology 101 explainer, we get into topics that include the endocannabinoid system, absorption, metabolism, and more with Nadia Moore, a principal toxicologist at consulting firm J.S. Held. Moore has a PhD in toxicology and has been in the field for 25-plus years.
The post EP. 71: The Science of Cannabis and Toxicology appeared first on Insurance Journal TV.
Our last episode focused on identifying opportunities for brokers in a tough market, so this episode we decided to stick with a theme and cover some outtakes from our popular 4/20 webinar: Selling Cannabis Insurance in a Cash-Strapped Environment. Our latest podcast features Matt Johnson, vice president at QuadScore Insurance Services, Stephanie Bozzuto, with Cannabis Connect Insurance Services, and Karl Long, senior director of risk management for Trulieve.
This episode is supported by Cannasure, insurance designed to protect and grow the cannabis industry nationwide. Learn more and get appointed at cannasure.com.
The post EP. 70: Selling Cannabis Insurance in Tougher Times appeared first on Insurance Journal TV.
Cannabis tax revenue in Colorado fell nearly $100 million in 2022, while California, Oregon, Nevada, and Washington all saw sales fall as the industry began its first downturn. Conversely, sales were up big time in Michigan, Illinois and Massachusetts. It isn’t just regional differences in the industry. Sales of flower are down, but edibles are enjoying stellar growth. Here’s a nugget of wisdom for some perspective: As it was during the Gold Rush, cannabis businesses can’t survive without goods and services like insurance – ancillary operators just need to look for the opportunities. Our latest podcast features Charles Pyfrom, chief marketing officer at CannGen, and Erich Schutz, vice president of Jencap Specialty Insurance Services.
The post EP. 69: The Green Rush May be Gone but Cannabis Businesses Still need Pickaxes appeared first on Insurance Journal TV.
Magic mushrooms are a class of drugs in a promising industry referred to broadly as psychedelics, a market that some believe will reach more than $8 billion in the next few years. Like cannabis, they are considered controlled substances. So, they’re federally illegal, but states like Oregon and Colorado are creating regulated markets. There’s enough promise in psychedelics to pique the interest of a few early adopter cannabis insurance specialists. For our latest podcast we spoke with Tyler Cline, a third-generation broker who owns Cannabis Business Insurance and Psyched Insurance, and Jodi Green, an attorney who represents cannabis businesses and executive director of the Women in Psychedelics Network.
The post EP. 68: A Waning Green Rush Led Some Cannabis Insurance Specialists to Dig into Magic Mushrooms appeared first on Insurance Journal TV.
All the news on cannabis lately has been on the flower glut in long-legal states, legalization efforts, new products coming to market, and the various risks operations face. One topic that doesn’t get any play nowadays is a risk that was much talked about risk when cannabis was still a budding business years ago. Environmental risks – including odors – don’t seem to a high-profile topic in the media. But environmental risks are quite considerable, and one large broker is dedicating a lot of time and energy into addressing those risks for its clients. Our latest episode features Kate Dietrich, a vice president and senior environmental specialist with Lockton.
The post EP. 67: Environmental Risks for Cannabis Operations Lurking Beneath Headlines appeared first on Insurance Journal TV.
Model regulations states can follow similar for their cannabis industries may be just around the corner. Such guidelines are in place for state insurance regulators from the NAIC. Cannabis has CANNRA. The Cannabis Regulators Association is made up of more than three dozen states and territories where adult- or medical-use is legal. The group is eyeing guidance for state regulators and helping companies with compliance. For an intro into the world of CANNRA, we spoke with Gillian Schauer, the group’s executive director, and Tyler Klimas, president of CANNRA and executive director of the Nevada Cannabis Compliance Board.
The post EP.66: Cannabis Regulators Group Mapping Clearer Guidance for States appeared first on Insurance Journal TV.
The best position that promises the most growth and best opportunities from which to launch a budding insuring cannabis career is? Broker? Claims professional? No to both. An informal poll showed that underwriter was the position of choice to grow an insuring cannabis career. To celebrate Insurance Careers Month, we decided to focus a podcast on the best insuring cannabis positions. We spoke with three experts from three firms focused on the space – which are all hiring: Jim McErlean, business development manager at Cannasure, Matt Johnson, with QuadScore Insurance Services, and Jeff Samuels, president of Frontier Risk Group.
The post EP. 65: What is the Best Position to Start an Insuring Cannabis Career? appeared first on Insurance Journal TV.
If you ask around about cannabis captives, you won’t find out much. It turns out there are few if any captives for cannabis companies. However, as the industry matures, interest in forming captives is sure to grow, and some brokers have been gearing up to focus on helping cannabis companies set up captives when the time comes. With premiums for several lines of insurance still relatively high, and the industry strapped for spare cash lately, some say the time for cannabis captives is at hand. We spoke with Wes Sierk, managing director at Risk Management Advisors, who is hyper-focused on cannabis captives, for our latest episode.
Follow the Insuring Cannabis Podcast on Apple and never miss an episode!
The post EP. 64: Is the Time at Hand for Cannabis Captives? appeared first on Insurance Journal TV.
Volatile cannabis flower prices in states with developed cannabis programs will impact insurance buying, while capacity will still be a challenge in 2023. Those are among the forecasts for the year from three subject matter experts. Our latest episode features Roy Bingham, CEO of cannabis data provider BDSA, Jay Virdi, chief sales officer for Hub International’s cannabis specialty practice, and Charles Pyfrom, chief marketing officer at CannGen Insurance Services.
The post EP. 63: Continued Price Volatility in 2023 Will Impact Insurance Pros appeared first on Insurance Journal TV.
A cannabis banking bill, lower cannabis taxes in California, better risk management practices, and a stabilization of product pricing, were among the wishes for next year from a … Read More »
The post EP. 62: Banking, Lower Cannabis Taxes in California Among Expert Wishes for 2023 appeared first on Insurance Journal TV.
New York State Insurance Fund stepped right into the cannabis space as the state began passing out licenses in August to fill what would have likely been a … Read More »
The post EP. 61: New York State Insurance Fund Director on Why They Jumped Right into Cannabis appeared first on Insurance Journal TV.
Circle K’s deal with Green Thumb Industries to sell cannabis at Florida gasoline retail locations may be a sign the industry has finally crossed any existing mainstream barriers. … Read More »
The post EP. 60: Cannabis Sales at Circle K Another Sign of Legitimacy, But There Are Risks appeared first on Insurance Journal TV.
There’s been no bigger cannabis news in the last few years than President Biden’s early October announcement that he intends to pardon all prior Federal offenses of simple … Read More »
The post EP. 59: What Biden’s Pot Pardon Means for other Legalization Efforts appeared first on Insurance Journal TV.
The lay of the legal land in cannabis today largely involves investor suits, trademark issues, and employment practices litigation. But legal matters arising out of compliance complaints may … Read More »
The post EP. 58: Must-Know Cannabis Lawsuits and Legal Trends for Insurers appeared first on Insurance Journal TV.
Alex Buschmann, national cannabis practice leader for Risk Strategies, is asking for insuring cannabis questions he can answer at Insurance Journal’s annual Insuring Cannabis Summit on Oct. 26 … Read More »
The post Buschmann Tackling Insuring Cannabis Questions at Summit appeared first on Insurance Journal TV.
Jason Scheurle, national product lead of cannabis for Burns & Wilcox, will have the answers to any insuring cannabis questions at Insurance Journal’s annual Insuring Cannabis Summit on … Read More »
The post Scheurle Seeking Insuring Cannabis Questions Ahead of Summit appeared first on Insurance Journal TV.
Carson Post, senior vice president of underwriting at QuadScore, wants to hear your insuring cannabis questions. He’ll answer them at Insurance Journal’s annual Insuring Cannabis Summit on Oct. … Read More »
The post Post Fielding Any Insuring Cannabis Questions appeared first on Insurance Journal TV.
Beth Zielazny Medvedev, division manager of life sciences at James River Insurance Co., is set to tackle any and all insuring cannabis questions during Insurance Journal’s annual Insuring … Read More »
The post Got Insuring Cannabis Questions? Medvedev Has Answers appeared first on Insurance Journal TV.
Stephanie Bozzuto, cofounder of Cannabis Connect Insurance, is ready to answer some of the toughest insuring cannabis questions at Insurance Journal’s annual Insuring Cannabis Summit on Oct. 26 … Read More »
The post Bozzuto Answering Toughest Insuring Cannabis Questions appeared first on Insurance Journal TV.
“Cannabis needs one thing right now, and that’s profitability.” That may sound like a strange statement about an industry on a growth tear, but the kind of profitability … Read More »
The post EP. 57: Culture and Discipline Are Cannabis’ Next Steps to Profit Through Risk Management appeared first on Insurance Journal TV.
Cannabis tourism, or more colloquially, “cannatourism,” is a billion-dollar and counting industry. That industry includes extravagant winery style getaways, cannabis events, and lounges. It’s an industry with promise, … Read More »
The post EP. 56: Growing Cannatourism Brings Extravagance, Novelty and New Risks appeared first on Insurance Journal TV.
Many of our listeners may be insurance brokers, carrier executives, claims managers, lawyers, or risk managers, so cannabis stock investing may not make their list of top concerns … Read More »
The post EP. 55: Cannabis Investing Pro Explains Confusing Market, Offers Tips appeared first on Insurance Journal TV.
Inflation and a superheated job market may be the nation’s prevailing economic concerns, but a big concern in cannabis today is a product glut in long-legal states, where … Read More »
The post EP. 54: Economic Headwinds, Glut May Not Spare Booming Cannabis Insurance Business appeared first on Insurance Journal TV.
Since cannabis insurance became a thing, directors & officers insurance has been pricey and tough to obtain for cannabis companies. D&O is difficult in most business sectors (See … Read More »
The post EP. 53: Why Most Small-to Mid-Size Cannabis Operators Shun D&O appeared first on Insurance Journal TV.
Michael Sampson may not have a rabid fanbase among insurers and insurance attorneys, but his perspectives on loopholes in coverages and bad faith claims are worth hearing. Sampson, … Read More »
The post EP. 52: Cannabis Business Plaintiff’s Attorney on Miscues That Should Get Insurers’ Attention appeared first on Insurance Journal TV.
The U.S. Drug Enforcement Administration declared in an April memo that cannabis seeds that don’t exceed the .3% THC limit do not fall under the Controlled Substances Act. … Read More »
The post EP. 51: Insuring Cannabis Seeds Specialty Promises to Grow appeared first on Insurance Journal TV.
Some more capacity has finally arrived with increasing interest in insuring cannabis, and cannabis insurance is well on its way to going national. Those are among the take … Read More »
The post EP. 50: Next Steps for Insuring Cannabis: More Capacity, Truly National Marketplace appeared first on Insurance Journal TV.
Insuring cannabis testing labs is a niche market – for now. Market Data Centre in mid-May reported the global cannabis testing services market is projected to expand at … Read More »
The post EP. 49: Insuring Testing Labs a Niche, but Complex and Growing Specialty appeared first on Insurance Journal TV.
Several insurance professionals who specialize in cannabis are getting more calls about insuring cannabis lounges. The trend appears to reflect an interest seen in headlines across news outlets … Read More »
The post EP. 48: Growing Cannabis Lounge Buzz Across U.S. Cities Calling to Insurers appeared first on Insurance Journal TV.
The cannabis business is big bucks. Global cannabis sales for 2022 will reach just over $35 billion, and will almost double that in the next few years – … Read More »
The post EP. 47: Cannabis Data Chief on Industry Growth, Opportunities appeared first on Insurance Journal TV.
Directors and officers is a tough line of business, no matter what industry is footing the bill for often pricey and difficult to obtain policies. And if the … Read More »
The post EP. 46: You’ve Heard it Before, So Here it is Again: D&O is a Tough Pill for Cannabis appeared first on Insurance Journal TV.
Environmental, social and governance is a big part of the world nowadays, and the concept of being environmentally friendly and socially conscious in the corporate cannabis world is … Read More »
The post EP. 45: Not Being All You Can Be When Being ESG a Bad Risk for Cannabis Companies appeared first on Insurance Journal TV.
If Congress ever gets around to legalizing cannabis, the process of revoking federal prohibition may not be so clear-cut. Legalizing it could unleash the power of a somewhat … Read More »
The post EP. 44: Legal Expert Warning Obscure Law Could Cause Problems if Cannabis is Legalized appeared first on Insurance Journal TV.
Are most of the insurance brokers who work in cannabis merely dabblers – their only client being a cousin who owns a mom-n-pop dispensary in downtown? Or do … Read More »
The post EP.43: Who are the Insuring Cannabis Brokers? appeared first on Insurance Journal TV.
Everyone knows about supply chain management nowadays thanks to the pandemic, with shelves bare of TP and paper towels, and cargo ships backed up at ports. Cannabis, of … Read More »
The post EP. 42: Cannabis Supply Chain Risks Worth Tripping Over appeared first on Insurance Journal TV.
New Frontier Data, a producer of cannabis research and intelligence, released its “22 for 22 Report,” in January, which imparts a definitive air of optimism mixed with few … Read More »
The post EP. 41: More M&As, Cannabis ‘Frappucinos’ on Tap for 2022 appeared first on Insurance Journal TV.
Employment practices liability is tough across pretty much all industries. As cannabis industry employment grows, EPL is becoming a serious consideration. The industry has all the regular employment … Read More »
The post EP. 40: EPL Challenges for Cannabis Include High Turnover appeared first on Insurance Journal TV.
A survey of 200-plus cannabis insurance-focused professionals at one of the largest brokers in the nation combined with other data forecasts an even tougher market for cannabis business … Read More »
The post EP. 39: Expert Says Cannabis Insurance Rates for Cyber, EPL, Property to Rise in 2022 appeared first on Insurance Journal TV.
There’s an alphabet soup of rare and minor cannabinoids – CBN, CBG, THCV, Delta-8 THC, CBC – that are kind of the lesser-known cousins of CBD and THC. … Read More »
The post EP.38: There’s Opportunity, but Also Risk in Rare and Minor Cannabinoids appeared first on Insurance Journal TV.
Ever heard of a gram shop law? It’s a thing, and if you’re an insurance broker in Michigan focused on the cannabis space, then you and your clients … Read More »
The post EP. 37: Gram Shop Law is One of the More Interesting Among Far-Out Patchwork of State Regs appeared first on Insurance Journal TV.
When California Gov. Gavin Newsom signed AB 45 into law in October, there was a lot of excitement, particularly for those in and around the CBD business. The … Read More »
The post EP. 36: California Law Opens up Foods and Cosmetics for CBD, but it Could Create Heavy Regs appeared first on Insurance Journal TV.
It’s part of just about every cannabis conversation: “Hey, it looks like we’re close to seeing cannabis legalized. Is this the year?” There are three promising cannabis bills … Read More »
The post EP.35: Will Cannabis Legalization, or Safe Banking Pass This Year? appeared first on Insurance Journal TV.
It may not come as much of a surprise to those who know about insurance and cannabis that the business is written mostly by the surplus lines market. … Read More »
The post EP. 34: Insuring Cannabis is Impossible Without Surplus Lines, so a Hardening Market is a Thing to Watch appeared first on Insurance Journal TV.
Based on its most recent claims data, one big national cannabis insurance firm found that many thefts at cannabis operations are occurring overnight. And based on security footage … Read More »
The post EP. 33 Claims Data on Crime at Cannabis Operations Points Finger at Insiders appeared first on Insurance Journal TV.
The insuring cannabis space has been busily bringing new products and services to operators as of late. New D&O products, and new risk management services were among the … Read More »
The post EP. 32: Innovations in Products, Services Signal Optimism for Sorely Underserved Market appeared first on Insurance Journal TV.
Here’s a doozy: A broker hands an underwriter an application for a cannabis operation. No red flags so far, but then the underwriter takes a look for himself … Read More »
The post EP. 31: What Makes a Good Cannabis Broker? Horror Stories from The Experts appeared first on Insurance Journal TV.
“There are plaintiff’s attorneys out there that are actively trolling for cases involving injuries allegedly caused by cannabis. We are seeing cases start to get filed. We have … Read More »
The post EP. 30: Product Liability Lawsuits Worth Watching in Cannabis appeared first on Insurance Journal TV.
When it’s all said and done, 2021 may have been the year of cannabis M&AS, but it was also the year of the cannabis multistate operator. Industry growth … Read More »
The post EP. 29: MSOs Require an Extra Touch of TLC from Brokers appeared first on Insurance Journal TV.
The California wildfire season is shaping up to be an ugly one, with a worsening drought and soaring temperatures in the Western U.S. This has California’s massive cannabis … Read More »
The post EP. 28: California Wildfire Season Could Make Getting Insurance Even Tougher for The Cannabis Industry appeared first on Insurance Journal TV.
At the half-way mark in 2021 as we emerge from the pandemic, one has to wonder what the rest of the year will be like for cannabis businesses … Read More »
The post EP. 27: These Cannabis Questions Must Be Answered in Final Six Months of 2021 appeared first on Insurance Journal TV.
Ever get a surprise bill in the mail? One where you suddenly owe more money than you thought you would? It’s not a nice feeling. Multiply that feeling … Read More »
The post EP. 26: Higher Sales Were Great, but Now Auditable Policies Are Surprising Cannabis Companies appeared first on Insurance Journal TV.
Insurance regulators in several states are putting time and resources into encouraging more carriers to get into the business of insuring cannabis. A lack of carriers has forced … Read More »
The post EP. 25: Some Insurance Regulators Are Urging Carriers to Insure Cannabis appeared first on Insurance Journal TV.
Delta-8 is generating quite a buzz. An apparent legal loophole enabling the production and sales of a product commonly derived from hemp extracts has prompted government crackdowns across … Read More »
The post EP. 24: What You Need to Know About the Delta-8 Buzz appeared first on Insurance Journal TV.
Tribal cannabis could turn out to be a space that expands on par with casino businesses on Tribal lands. That’s what at least one person in the Tribal … Read More »
The post EP. 23: Tribal Cannabis Insurance is a Difficult, but Promising Space appeared first on Insurance Journal TV.
Aside from the vape crisis that never rose to the level of a true crisis for the cannabis industry, you don’t hear much talk about long-tail risks that … Read More »
The post EP. 22: If The ‘Vape Crisis’ in Cannabis Taught Us One Thing, It’s That It’s Never Too Soon to Think About Long-Tail Risks appeared first on Insurance Journal TV.
When you see the term à la carte on a menu, at, say a steakhouse, you know you’ll be dropping a few C-notes for your meal, which now … Read More »
The post EP. 21: Menu for Cannabis Insurance Buyers is an A la carte Affair appeared first on Insurance Journal TV.
The cannabis-focused insurance space can now be counted as part of a larger trend in recently announced business deals in cannabis. When Cannasure was sold in early March … Read More »
The post EP. 20: Big One80-Cannasure Deal Spotlights Growth, Interest in the Budding Space appeared first on Insurance Journal TV.
Business news has been ablaze with cannabis SPACs. Special purpose acquisition corporations, which many refer to as blank check companies formed to raise capital for the purpose of … Read More »
The post EP. 19: Cannabis SPACs Are Hot, but Insuring Them is Pricey and Complex appeared first on Insurance Journal TV.
Shares in cannabis companies soared during the trading week ending Feb. 12, spurred in part by interest similar to the recent Reddit-GameStop trading frenzy. But it’s not just … Read More »
The post EP. 18: Insuring Public Cannabis Companies is the Business to be in appeared first on Insurance Journal TV.
It turns out that business-focused cannabis clubs on college campuses are a thing. And they aren’t just an excuse to have keggers, pumpkin bongs, and pizza – though … Read More »
The post EP. 17: USC’s Cannabis Industry Club is All Business – Mostly appeared first on Insurance Journal TV.
2020 was the year of COVID, the year of racial and political unrest, and the year most of us would like to forget. With a new year comes … Read More »
The post EP. 16: 2021: Year of the Purple Unicorn for Insuring Cannabis Pros appeared first on Insurance Journal TV.
Next year holds a great deal of promise for cannabis. The big promise, of course, would be Federal legalization, a possibility if Democrats win Georgia’s two Senate seats … Read More »
The post EP. 15: Election Results Loom in 2020 Haze of Cannabis News, Which States are Next in 2021 appeared first on Insurance Journal TV.
Elections Part II Nov. 3 came and went, and while there’s some still contentious feelings around who won the Presidential race and neither a blue nor red wave … Read More »
The post EP. 14: What an Election Green Wave in Five States Means for the Industry, Insurers appeared first on Insurance Journal TV.
Nov. 3 is the big day, and while the big story for voters is the choice between diametrically opposed presidential candidates, the scent of cannabis legalization has quietly … Read More »
The post EP. 13: How Election Results Could Greenlight Federal Cannabis Legalization appeared first on Insurance Journal TV.
A budtender can tell you the difference between Laughing Buddha and Acapulco Gold, or which vape pen may last the longest. But some of these experts at your … Read More »
The post EP. 12: Budtender Liability Soon to be a Thing? appeared first on Insurance Journal TV.
Remember the infamous McDonald’s hot coffee lawsuit from the 1990s? If blazing java on a crotch had the makings for a juicy lawsuit, you’d think that plaintiff’s attorneys … Read More »
The post EP. 11: Where Are All the Cannabis Lawsuits? appeared first on Insurance Journal TV.
If you’re unfamiliar with the term “sales fatigue” and you’re trying to do business in the cannabis industry, take a seat and listen up. We also asked experts … Read More »
The post EP. 10: Want to Do Business with the Cannabis Industry? Learn about Sales Fatigue First appeared first on Insurance Journal TV.
Diversity is more than just a buzzword in both the cannabis and insurance industries, where efforts to increase the number of women and minorities in leadership roles have … Read More »
The post EP. 9: A Diversity Buzz Blooming in Cannabis and Insurance? appeared first on Insurance Journal TV.
Educational opportunities centered around risk and compliance seem to be popping up lately for the cannabis industry. Distance education provider Excelsior College is offering an Advanced Certificate in … Read More »
The post EP. 8: Could COVID be Behind a Cannabis Risk & Compliance Training Proliferation? appeared first on Insurance Journal TV.
With limited access to banking services, dispensaries have large quantities of cash going in and out their doors daily. Cash is king in the cannabis industry, making these … Read More »
The post EP. 7: Cash is King in Cannabis, But Crime Insurance May be the Crucial Queen appeared first on Insurance Journal TV.
How often are the wrong workers’ compensation class codes being used in the cannabis industry? One expert says about one-in-four cannabis companies are wrongly reporting class codes. Underinsurance, … Read More »
The post EP. 6: Wrong Workers’ Comp Class Codes in Cannabis is Worrying appeared first on Insurance Journal TV.