JB Woods

At: 11/15/2017 4:59:56 AM
0 comments

Reducing your Workers Compensation Insurance in Colorado for Cannabis Companies

Correct Job Classification and Cost Containment are Two Areas to Reduce Premium


Workers compensation insurance is a necessary product when you have employees with each state mandating this type of coverage.  In Colorado, there are several key areas to consider to potentially reducing your premium if you're a cannabis operation. 

The correct job classifications of your employees is critical.  There is a significant difference in premium for employees working at a store versus a cultivation facility, bakery, or extraction company.  In fact, Greenpoint Insurance Advisors...more

Categories: Insurance
Tags: colorado workers compensation, workers comp insurance

JB Woods

At: 11/15/2017 4:59:45 AM
0 comments

Reducing your Workers Compensation Insurance in Colorado for Cannabis Companies

Correct Job Classification and Cost Containment are Two Areas to Reduce Premium


Workers compensation insurance is a necessary product when you have employees with each state mandating this type of coverage.  In Colorado, there are several key areas to consider to potentially reducing your premium if you're a cannabis operation. 

The correct job classifications of your employees is critical.  There is a significant difference in premium for employees working at a store versus a cultivation facility, bakery, or extraction company.  In fact, Greenpoint Insurance Advisors...more

Categories: Insurance
Tags: colorado workers compensation, workers comp insurance

JB Woods

At: 11/14/2017 2:39:33 PM
0 comments

Treasurer Chiang Releases Recommendations to Address Lack of Banking for Cannabis Industry

PR17:59
Nov. 7, 2017
Contact: Marc Lifsher
news@sto.ca.gov
916-653-2995
 
SACRAMENTO – State Treasurer John Chiang today released a report outlining steps California can take to address the lack of banking services that force much of the cannabis industry to operate in cash.

“It is unfair and a public safety risk to require a legal industry to haul duffle bags of cash to pay taxes, employees and utility bills,” said Chiang. “The reliance on cash paints a target on the back of cannabis operators and makes them and the general public vulnerable to violence and organized crime.”

...more

Tags: california, banking, cannabis, marijuana banking

JB Woods

At: 11/14/2017 1:26:59 PM
0 comments

How Much is your Cannabis Plant Worth According to your Insurance Carrier?

Golden Bear Insurance Company Using Per Cannabis Plant Valuation for Crop Insurance

by Greenpoint Insurance Advisors, LLC 
 

Filed with the California Department of Insurance, the first admitted cannabis insurance carrier Golden Bear Insurance Co is using a per plant valuation to calculate how much will be paid should a claim occur.  For example, a fire burns 200 cannabis plants considered "Flowering Plants," then $150 per plant or $30,000 would be paid for this type of claim according to the policy forms filed with the Department of Insurance.  A mother...more

Categories: Insurance
Tags: insurance, golden bear, crop insurance, plant value

JB Woods

At: 11/10/2017 3:09:51 PM
0 comments

First Admitted Marijuana Insurance Carrier in the Nation Approved in California to Sell Pot Coverage

Golden Bear Insurance Co. will likely take a Big Bite out of Existing Non-Admitted Insurance Markets


Well, it finally happened with Golden Bear Insurance Company was approved by the California Department of insurance to offer coverage through an admitted insurance program for marijuana companies. This is a really big deal for those of us who specialize in marijuana insurance because historically, this line of insurance was offered only from "non-admitted carriers" specializing in "high" risk.    This will be a bigger deal to the marijuana industry as they beg...more

Categories: Insurance
Tags: insurance, admitted carrier, golden bear, california

Nathaniel Gurien

At: 11/9/2017 2:21:10 PM
0 comments

New Website Announcement!

ORION GROUP NYC is pleased to annouce that our website has been fully revised and updated to reflect our focus on compliant cannabis banking and payment solutions.

CHECK IT OUT!

www.oriongroup.nyc

 

 

 

 

 

...more

Tags:

Nathaniel Gurien

At: 10/25/2017 4:47:05 PM
0 comments

Essential Stewards of Commerce

Due to the perception of (as opposed to actual and practical) risk of banking the cannabis industry largely based upon misinformation or a deliberate lack of information as well as ingrained prejudice against marijuana, US financial institutions are nearly universally unwilling to open accounts or provide basic banking service to marijuana-related businesses (MRBs) or ancillaries who provide services to them.

As a result, except for a lucky few most are either obliged to operate entirely in cash, or seek a ‘covert’ (some would say fraudulent) checking account, merchant processing, ‘cashless...more

Tags:

AC Braddock

At: 9/4/2017 3:24:55 PM
0 comments

Coldfinger Methods of Extraction Using Ethanol or Steam.

 http://blog.edenlabs.com/which-method-of-botanical-extraction-is-right-for-you

 

...more

Categories: Extraction
Tags: Ethanol, Steam distillation, RSO, Coldfinger, Distilling, Extraction, Cold Ethanol, Terpenes, FECO, Tincture, Whole plant, Medicinal, Cannabis, medical marijuana