What Insurance Companies may want to Consider before Insuring the Marijuana Industry

JB Woods
Posted at 6/3/2017 11:08:31 AM


By J.B. Woods, Greenpoint Insurance Advisors, LLC  © 2017 All Rights Reserved  (This article was originally published in Trusted Choice of Colorado)

The most recent election captured the attention of the insurance industry when states like California, Nevada, Massachusetts, and Maine voted to legalize marijuana along with medical marijuana initiatives being approved in other states such as Florida, North Dakota, and Arkansas.  Over half of the United States has some form of marijuana law.  According to Arcview Market Research, the marijuana industry resulted in $6.7 bi...more

Categories: Investment, VC, PE Financing  |  Consulting
Tags:
  • marijuana
  • insurance
  • lloyds of london
  • cole memo
  • cannabis
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Is The Admitted Insurance Market Ready to Insure Pot?

JB Woods
Posted at 6/3/2017 10:58:19 AM

The Golden State Could Be a Game Changer for the Marijuana Insurance Industry
©2017 Greenpoint Insurance Advisors, LLC


Breaking news out of California when The Californian reported California Insurance Commissioner Dave Jones wants admitted insurance carriers to insure marijuana.  This will not be an easy task for Commissioner Jones considering the fact Lloyds of London does not offer insurance to the marijuana industry. 

For those who may not know, admitted insurance carriers are well known companies approved and  subjected to regulation by the state in which they o...more

Categories: Consulting  |  Investment, VC, PE Financing
Tags:
  • marijuana
  • insurance
  • california
  • cannabis
  • product liability
  • admitted carrier
  • non-admitted carrer
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The Cannabis ECN 2017 Roster of Featured Experts

ECN Support
Posted at 5/3/2017 10:23:07 PM


Download the 2017 Roster of Featured Experts

The National Cannabis Industry Association (NCIA) is the only national trade association advancing the interests of the legitimate and responsible cannabis industry. Our industry supports tens of thousands of jobs, tens of millions of dollars in tax revenues, and billions of dollars in economic activity in the United States annually. NCIA's nearly 1200 members include some of the most notable and successful cannabis entrepreneurs and business owners from around the country. It’s their experience and expertise that make the Cannabis EC

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Crucial to your success...Co2 Extraction System Selection

AC Braddock
Posted at 2/21/2017 10:09:15 PM

Eden Labs’ Blog

Pumping Systems in CO2 Extraction:
Why and How to Evaluate Liquid, Gas Booster and Dual-pump

by Fritz Chess, Founder
CO2 Pumping Systems - Supercritical to Your Success.

When shopping for a supercritical CO2 extractor, the most important consideration is the pumping system of the extractor. This is the heart of the extractor which determines the rate and yield of oil that will be produced. Yet the pumping systems for CO2 extractors are plagued by design flaws and manufacturing mistakes. To make a wise investment in a CO2 extractor it is essential to under

...more

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Find the Right Investors for Your Dispensary

Avis Bulbulyan
Posted at 7/22/2016 6:49:22 PM

It can be challenging to find startup funding for a cannabis dispensary. Investors are out there, but it takes specialized skills and know-how to find them. Here are a few methods that may help you connect with startup funders.

Networking. Networking is the key to growth and success as no business can succeed in a vacuum. Your contacts are a vital part of your business and you should look after them. Thirty years ago, a huge rolodex was a sign of a master networker. Today, social networking is an excellent way to develop personal connections. You cannot ignore Linkedin, Facebook, and other ...more

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King of the Industry: Why Some New Companies Feast on Emerging Trends While Others Starve

Khadijah Adams
Posted at 7/3/2016 9:59:23 PM

How do you become the fastest, most successful company in the history of business? What kind of secret formula do you need to thrive in an emerging industry? How does your business feast in an environment where businesses starved; pioneering through uncertainty, resisting rescue and outlasting vicious competition? Few businessmen and women embrace the audacity of risk amongst controversy, succeeding with grit in one of the most controversial times in American history.

It hasn’t been one decade and America has begun to forget about the entire country teetering on the edge of economic crisis....more

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Just How Easy Is It to Own Your Own Medical Marijuana Dispensary?

Khadijah Adams
Posted at 6/30/2016 12:07:49 PM

You can see it just about everywhere you look. From consultants, experts, financial forecasters and entrepreneurs, they’re all very bullish. 2016 is projected to be marijuana’s best year yet. Fortune Magazine says over $6.7 billion in revenue is projected this year alone. Major investment groups like Sequoia International are earnestly seeking to transform the industry. Those pesky and previously impenetrable laws criminalizing marijuana are suddenly dropping like dominoes, as legalization (especially for medicinal purposes) has exploded. In mid-April, Pennsylvania became the 24th state to p...more

Categories: Cannabis Provider  |  Consulting  |  Investment, VC, PE Financing
Tags:
  • Khadijah Adams
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  • Starting a dispensary
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  • opening a dispensary
  • how to start a business in cannabis industry
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