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Cannabis company executives examine the goods
News ClaimsCommercial LinesInsuranceLegalLegislation / RegulationMarkets / Coverages

How better boards may improve cannabis companies’ D&O options

January 6, 2023 Philip Porado

Improvements in capacity in the directors and officers (D&O) insurance space, combined with a rising quality of boards of directors membership, is making coverage for cannabis producers and distributors more accessible. “We’ve seen a real shift in the experience levels

BCGEU members on the picket line
News ClaimsInsurance

Cannabis producer says B.C. strike, cyberattack could cause $3 million revenue loss

September 21, 2022 Tara Deschamps - THE CANADIAN PRESS

Aurora Cannabis Inc. says it could take a revenue hit of up to $3 million because of a cyberattack that downed Ontario’s pot distributor and a strike that halted deliveries to B.C. marijuana stores. Glen Ibbott, the Edmonton-based cannabis company’s

Cannabis ordered online
News Insurance

Ontario Cannabis Store unable to process deliveries after partner faces cyberattack

August 9, 2022 Tara Deschamps - THE CANADIAN PRESS

TORONTO – The Ontario Cannabis Store says a cyberattack faced by one of its logistics partners has left the provincial pot distributor unable to process or deliver orders to marijuana shops and customers. The OCS said Monday evening there is

Purchasing cannabis with a credit card
News Insurance

Pot shop sales data was ‘misappropriated,’ Ontario cannabis distributor says

May 11, 2022 Tara Deschamps - THE CANADIAN PRESS

TORONTO – The Ontario Cannabis Store says a data breach involving some of its sales information is being investigated by the Ontario Provincial Police. Daffyd Roderick, a spokesperson for the Crown agency responsible for distributing cannabis from producers to pot

Hand Showing Cannabis Leaf Against Sky With Sunlight
News Insurance

Why cannabis companies are seeing lower D&O rates

February 22, 2022 Jason Contant

Pricing for cannabis-related directors and officers (D&O) insurance is trending downward, but only relative to the rest of the market, said an insurance brokerage executive. “When cannabis was first legalized in Canada, you had a handful of carriers that [offered]

News Insurance

Cannabis impaired driving: Here’s what we know about the risks of weed behind the wheel

January 11, 2022 The Canadian Press

This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site.   Authors: Dina Gaid, Post-doctoral fellow, School of Pharmacy, Memorial University of

News ClaimsLegal

Why the Co-operators won this appeal over homeowner claim

October 29, 2021 by Greg Meckbach

If a client learns something new about insurance law four years after their claim is denied, it’s probably too late to sue the insurer for breach of contract. In a decision released this past Tuesday, the Court of Appeal of

News ClaimsClaims CanadaInsuranceLegislation / RegulationRisk

What to tell clients when home insurer asks if property was previously a grow-op

March 18, 2021 by Greg Meckbach

Home insurance clients who move to a new property should have the premises inspected and let the insurer know if there are signs it has been used to grow cannabis. “If a home was a former cannabis grow-op, likely pipes

News Insurance

What’s smoking hot in cannabis insurance claims trends

February 24, 2021 by Jason Contant

Nearly two-and-a-half years after recreational marijuana was legalized in Canada, the country’s P&C insurance industry is starting to get a sense of the type of claims arising from the October 2018 legalization. The big issue right now is vaping, said

News Commercial LinesMarkets / Coverages

More consolidation expected in Ontario cannabis stores

August 11, 2020 Tara Deschamps - THE CANADIAN PRESS

TORONTO – More than a year after winning the chance to open one of Ontario’s first cannabis stores through a provincial lottery, Lisa Bigioni has walked away from her Niagara Falls pot shop. The store had become like a second

News InsuranceLegislation / RegulationRisk

What happens if a condo client’s marijuana use offends the neighbours?

January 28, 2020 by Greg Meckbach

With the legalization of recreational cannabis, what happens when there is a dispute between neighbours in a condominium and how does a condo corporation or board handle it? A lot of condominium corporations have passed rules around odours, says Armand

News BrokersCommercial LinesInsuranceLegislation / RegulationMarkets / Coverages

Why brokers need to keep abreast of regulatory changes for cannabis

January 3, 2020 by Jason Contant

Brokers with cannabis clients need to keep an eye on the changing legal landscape and cannabis companies’ evolving needs, paying particular attention to directors’ and officers’ liability, a managing general agency told Canadian Underwriter recently. Recreational cannabis became legal in