Keyword
Marijuana
Risk appetite for marijuana ‘all over the map’
September 17, 2018 by Greg MeckbachSome insurance companies “want no part” of covering risks related to cannabis in Canada, an industry analyst warns. As of Oct. 17, it will be legal in Canada for adults to possess up to 30 grams of dried cannabis for…
How cannabis legalization could re-word home insurance policies
August 29, 2018 by Greg MeckbachIf carriers do what one insurance defence lawyer advises, your clients could get new exclusionary language in their home insurance policies as a result of cannabis legalization. Insurers who are concerned about the risk of fire and burglary arising from…
Feds approve first saliva screening roadside test for marijuana
August 28, 2018 The Canadian PressOTTAWA – Justice Minister Jody Wilson-Raybould is giving the green light to a new roadside test to check for drugs. On Monday, Wilson-Raybould approved the Drager DrugTest 5000 as the first saliva screening equipment to be used by law enforcement…
Hub’s Top 3 pot risks
August 23, 2018 by Jason ContantAs 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…
The client that should resemble a jail
July 18, 2018 by Greg MeckbachOnce 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,…
Why marijuana legalization could impact cyber risk
July 17, 2018 by Greg MeckbachCommercial 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…
Marijuana legalization to offer pot by mail, access to banks
June 26, 2018 Gene Johnson - THE ASSOCIATED PRESSMail-order weed? You betcha! With nationwide marijuana legalization in Canada on the horizon, the industry is shaping up differently there than the way it was established in nine U.S. states that have similarly broad legalization. Age limits, government involvement in…
Recreational marijuana to be legal by mid-September
June 20, 2018 Joan Bryden - THE CANADIAN PRESSOTTAWA – Canadians will be able to legally purchase and consume recreational marijuana by mid-September at the latest after the Senate voted Tuesday to lift almost a century-old prohibition on cannabis. Senators voted 52-29, with two abstentions, to pass Bill…
Some business risks from marijuana regulation changes
June 7, 2018 by Greg MeckbachA Canadian fish oil supplement supplier, a business that hopes to enter the medical marijuana industry, is warning of the risks posed by the “rapidly-evolving” cannabis industry and uncertainty over Health Canada’s license approval process. Health, safety and environmental regulations…
System for enforcing legalized recreational marijuana remains hazy
June 3, 2018 Gemma Karstens-Smith - THE CANADIAN PRESSVANCOUVER – Marijuana businesses are growing in size and scope as Canada moves toward legalization of recreational pot, creating an increasingly daunting job for those tasked with enforcing the rules. In Vancouver’s bustling downtown, sleek, modern posters with fashionable fonts…
Plan to make recreational pot legal to proceed as planned
May 6, 2018 Teresa Wright - THE CANADIAN PRESSOTTAWA – Prime Minister Justin Trudeau isn’t backing down from his government’s much-maligned timeline for legalizing marijuana, despite a growing chorus of calls from senators, Indigenous leaders and others to delay the plan for up to a year. Trudeau says…
Provinces need more info about marijuana impairment testing technology
April 27, 2018 The Canadian PressVANCOUVER – British Columbia may have unveiled its plan for regulating recreational marijuana, but the enforcement and testing for drug-impaired driving remains hazy. Solicitor General Mike Farnworth says the provinces need to hear “ASAP” from the federal government about what…