marijuana News

Takeaways from Our Conversation on Insurance Conditions for Cannabis

Some cannabis insurance brokers are lately reporting better conditions for their cannabis clients – such as lower rates, better terms. It’s too early to say whether their cannabis clients are getting better rates thanks to a maturing industry with a …

German Cabinet Passes Landmark Bill Over Legal Cannabis Use

Germany’s cabinet passed a contentious bill on Wednesday to legalize recreational marijuana use and cultivation, one of the most liberal cannabis laws in Europe that could potentially provide further momentum for a similar worldwide trend. The legislation, which still has …

Experts Discuss Risks, Opportunities in Emerging Cannabis Products

New cannabis products like gummies, drinks and new consumables bring the promise of exponential growth and the normalization of public consumption, promising to significantly reshape the business landscape for insuring cannabis specialists. Four industry experts recently gathered for an Insurance …

Viewpoint: Washington’s Aggressive Approach to Preventing Intoxicating Hemp Cannabinoids May Be Good for Other States

Like other states across the country, Washington has been grappling with how to regulate intoxicating hemp-derived cannabinoid products that are being innovated faster than state lawmakers can respond. The state has decided on an extreme solution that prohibits products containing …

Washington’s Legal Cannabis Farms Reopen After Pesticide Concerns Halted Operations

A big mound of fresh dirt sits at Terry Taylor`s marijuana farm in the high desert of north-central Washington state. Each hole for a new plant gets filled with the clean soil. Large swaths of recently installed landscape fabric cover …

Markets/Coverages: U.S. Cannabis-Focused MGU Opens for Business in Europe

The North American managing general underwriter CannGen Insurance Services (CannGen) has launched a European operation amid expectations that the continent’s legal cannabis market is set for substantial growth. CannGen Insurance Europe SRL (CGEU) now operates as a property/casualty MGU, providing …

New Hampshire Governor Sununu Urges State-Run Marijuana Shops

A day after New Hampshire legislators rejected the latest attempt to legalize recreational marijuana in the state, Gov. Chris Sununu – a potential Republican presidential candidate – proposed a path forward that is similar to how the state controls liquor …

Louisiana Lawmakers Kill Bill to Decriminalize Marijuana

BATON ROUGE, La. (AP) – A bill to decriminalize marijuana in Louisiana was short- lived, swiftly dying in committee Tuesday before ever reaching the House floor for debate this legislative session. Democratic state Rep. Candace Newell briefly argued that her …

Germany Inches Toward Legalizing Personal Use of Cannabis

Germany’s ruling coalition presented a scaled-back plan to decriminalize personal use of cannabis in Europe’s largest economy. The proposal would allow adults to possess as much as 25 grams (0.9 ounce) of marijuana and join nonprofit “social clubs” to purchase …

Takeaways from Our Conversation on Insuring Magic Mushrooms

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, …