Reducing your Workers Compensation Insurance in Colorado for Cannabis Companies

JB Woods
Posted at 11/15/2017 4:59:45 AM

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

JB Woods
Posted at 11/14/2017 2:39:33 PM

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.”

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Categories: Banking & Payment Processing
Tags:
  • california
  • banking
  • cannabis
  • marijuana banking
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How Much is your Cannabis Plant Worth According to your Insurance Carrier?

JB Woods
Posted at 11/14/2017 1:26:59 PM

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

JB Woods
Posted at 11/10/2017 3:09:51 PM

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
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New Website Announcement!

Nathaniel Gurien
Posted at 11/9/2017 2:21:10 PM

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

Categories: Advertising, PR, Marketing
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Essential Stewards of Commerce

Nathaniel Gurien
Posted at 10/25/2017 4:47:05 PM

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

Categories: Advertising, PR, Marketing
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Coldfinger Methods of Extraction Using Ethanol or Steam.

AC Braddock
Posted at 9/4/2017 3:24:55 PM

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

 

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Categories: Extraction
Tags:
  • Ethanol
  • Steam distillation
  • RSO
  • Coldfinger
  • Distilling
  • Extraction
  • Cold Ethanol
  • Terpenes
  • FECO
  • Tincture
  • Whole plant
  • Medicinal
  • Cannabis
  • medical marijuana
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Insurance Carriers Needing Assistance with Due Diligence Process for Offering Cannabis Coverage

JB Woods
Posted at 8/6/2017 11:30:17 AM

With California around the corner, there are many insurance carriers contemplating or conducting analysis if they should start offering cannabis insurance to this fast growing industry.   These insurance carriers might be admitted or non-admitted insurance companies seeking valid and credible information with structuring a cannabis insurance program through the right partners. 

Insurance company executives, attorneys, actuaries, or other parties representing their respective interests actively conducting due diligence may want to contact us through the Expert Calling Networ...more

Categories: Investment, VC, PE Financing
Tags:
  • marijuana
  • insurance
  • consultation
  • insurance carrier
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