Some Canna Connect relationships go well beyond networking.
In this episode of The Canna Connect Show, Stephen Eigenmann sits down with longtime friend and collaborator Cory Lake of World Insurance for an honest conversation about what they're seeing as Minnesota's cannabis industry moves from planning into operation.
Stephen describes their relationship as somewhere between a brother and an uncle. That history makes this conversation different. Cory and Stephen can challenge each other, laugh about the journey, and get directly into the realities facing Minnesota cannabis businesses.
Cory shares what has changed since moving from Lakes Group Insurance to World Insurance, including access to a national team focused on cannabis and additional resources for businesses ranging from startups to larger operations.
From there, the conversation expands.
They discuss insurance requirements for dispensaries, cultivators and vertically integrated businesses, facility site visits, state-by-state compliance, Minnesota's changing hemp market, cultivation supply and testing, and why Cory believes one of the biggest operational risks in cannabis is the human element.
Cory also shares lessons learned from real insurance claims, including a cultivation facility fire caused by improperly installed lighting equipment. The story underscores why SOPs, employee training, proper installation and risk management matter just as much as having an insurance policy.
Stephen and Cory also look ahead at the Minnesota market and discuss where opportunity may still exist for entrepreneurs entering cannabis today.
This episode covers cannabis insurance, cultivation risk, hemp, compliance, testing, cash management, entrepreneurship and the relationships helping Minnesota's industry grow.
Canna Connect Partner Network
This episode is supported by What Rebates, helping Minnesota cultivators explore available energy-efficiency incentives and utility rebates for lighting, HVAC, dehumidification and other qualifying equipment.
Learn more about What Rebates
The episode also features Evolve Payment, a Twin Cities-based company helping cannabis businesses use ACH-based digital payments as an alternative to relying entirely on cash.
Learn more about Evolve Payment
Canna Connect works with trusted organizations across insurance, energy, payments, technology and other areas of Minnesota's cannabis ecosystem.
Connect with Cory Lake
Visit CannaConnectMN.com to explore more episodes, Community Spotlights, events and members of the Canna Connect Network.
Become Part of the Canna Connect Community Network
Every episode, Community Spotlight, and partner profile helps connect Minnesota's cannabis industry. Visit CannaConnectMN.com to explore interviews, resources, events, and the trusted organizations helping shape the future of cannabis in Minnesota.