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cannabis


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Liability risk for private pot retailers

August 28, 2018 by Greg Meckbach

Your retail client could be at risk of a lawsuit if it starts selling cannabis, but the exposure may not be the same as the liability risk of a bar serving alcohol, an insurance defence lawyer suggests. Whether a retailer

News BrokersInsuranceMarkets / CoveragesProductsRisk

Hub’s Top 3 pot risks

August 23, 2018 by Jason Contant

As cannabis comes closer to being legalized in Canada, Hub International told Canadian Underwriter the three major risks the brokerage has faced while writing cannabis insurance for the past four years. One of them is cash-on-hand, meaning pot producers have money

News InsuranceMarkets / Coverages

Hub introduces new cannabis insurance and risk services for Canada

August 15, 2018 by Jason Contant

Global insurance brokerage Hub International announced Wednesday that it has launched cannabis insurance and risk services for the Canadian market. The offering, under Hub’s agribusiness and farm specialty practice, is also available in the United States. It provides medical and

News Risk

Ontario to sell pot online in fall, in private retail stores by April 2019

August 14, 2018 Shawn Jeffords - THE CANADIAN PRESS

TORONTO – Recreational cannabis will be sold online in Ontario when legalized this fall and in private retail stores across the province early next year, the government announced Monday, reversing the previous administration’s plan to distribute cannabis through publicly owned

News Risk

Many Canadians driving high: Statistics Canada

August 9, 2018 The Canadian Press

OTTAWA – A new Statistics Canada survey has found about 1.4 million Canadians reported they had been a passenger in a vehicle driven by someone who had consumed cannabis in the previous two hours. In addition, one in seven cannabis

News InsuranceMarkets / Coverages

Nova Scotia defends controversial plan to sell cannabis in liquor stores

July 26, 2018 The Canadian Press

HALIFAX – Nova Scotia is defending its unique cannabis retail scheme that will sell weed in existing liquor stores amid criticisms the arrangement poses a public health risk. A Halifax psychology professor issued a news release criticizing the model, which

News InsuranceLegislation / Regulation

The client that should resemble a jail

July 18, 2018 by Greg Meckbach

Once the new cannabis regulations take effect this October, commercial brokers servicing marijuana-producing clients should ask clients what they are doing to keep their production facilities secure. If a commercial underwriter gets an application for insurance from a cannabis grower,

News InsuranceLegislation / RegulationMarkets / Coverages

Why marijuana legalization could impact cyber risk

July 17, 2018 by Greg Meckbach

Commercial brokers looking to place insurance for cannabis providers should be paying close attention to the information their clients keep on medical marijuana patients. Cannabis regulations announced last week will supersede the Access to Cannabis for Medical Purposes Regulations once

News BrokersInsurance

In search of cannabis product liability coverage

June 28, 2018 by Greg Meckbach

Brokers looking to place product liability policies for cannabis vendors might face an uphill battle. The cannabis industry “desperately” needs access to the same coverage that insurers already provide to non-cannabis businesses in agriculture pharmaceutical or manufacturing, said Wendy Sinclair,

News ClaimsInsuranceMarkets / Coverages

ClaimsPro prepares dedicated adjuster team for marijuana legalization

June 22, 2018 by Jason Contant

Independent adjusting company ClaimsPro announced this week that it has prepared a dedicated adjuster team for the cannabis industry, just as Canada moves to legalize marijuana in October. The team will exclusively handle first- and third-party cannabis claims, such as

insPRESS AnnouncementsClaimsInsurance

ClaimsPro Announces Specialized Claims Services for Cannabis Industry with a Dedicated Adjuster Team

June 15, 2018 by SCM Insurance Services

TORONTO, June 18, 2018 /insPRESS/ – ClaimsPro, Canada’s largest independent adjusting company is pleased to announce a new claims service designed exclusively to handle first and third-party cannabis claims. This new service is supported by a national team of dedicated

News ClaimsLegislation / Regulation

‘Spikes’ in marijuana use found after legalization

June 14, 2018 by Greg Meckbach

Will the legalization of recreational marijuana encourage some Canadians to start using pot? In jurisdictions where cannabis has been legalized “we see spikes in use at the onset of sales,” Lewis Koski, former director of the Colorado Marijuana Enforcement Division,