Has the adoption of recreational cannabis laws affected workers’ compensation claims? A new study from the Workers Compensation Research Institute seeks to answer that question and others related to cannabis use and workers. We spoke with Vennela Thumula, policy analyst at the WCRI and lead author of the study, to get lots of data for the latest episode of our podcast.

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Dispensaries may be getting a bit of a break on employment practices liability insurance in recent times as capacity grows and insurers get better at evaluating the risks at these operations—and therefore become more comfortable with them. Nick Matsie, an assistant vice president at Berkley Select, is seeing a softer EPL market for dispensaries and other cannabis businesses. But he’s also seeing an uptick in claims frequency and severity.  “It’s not a matter if but when these claims come in,” he warned in our most recent podcast episode.

The post 101: A Softer EPL Market for Dispensaries, But Claims Are on The Rise appeared first on Insurance Journal TV.

When we started our “bimonthly trip into the intersection of two industries that couldn’t be more different,” we were in the grips of a pandemic and cannabis legalization was sweeping states across the country. Episode 1 aired in May 2020 with a few industry experts talking about how the industry would weather the pandemic and an eventual return to normalcy. Four years later and the industry is still kicking—though federal legalization is probably about as far away now as it was then. One of our first podcast guests was Morgan Fox, who is now the political director NORML. To mark 100 episodes, we asked him on again to talk about what the cannabis industry will look like in the year ahead with the new administration, and what may lie beyond.

The post Ep100: 100 Episodes Later And We’re Still Looking Ahead appeared first on Insurance Journal TV.

The Insuring Cannabis Podcast launched at a time of uncertainty — pandemic lockdowns, shifting regulations, and a rapidly growing cannabis industry. Now, 100 episodes later, we’re still here, still talking, and still looking ahead!

For this milestone episode on Feb. 20th, we’re bringing back one of our early episode guests: Morgan Fox, Political Director at NORML, to discuss what the future holds for cannabis policy in 2025 and beyond.

Tune in Thursday, February 20th as we reflect on where we’ve been—and where we’re headed.

#Podcast100 #StillLookingAhead

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Insuring cannabis is far from a straightforward endeavor, so one would expect cannabis insurance claims to be a complex subject. One would be correct. Corey Tobin, a director with Symphony Grow, has seen some interesting—and big—claims. Tobin is also formerly a licensed cannabis operator. We spoke to Tobin about cannabis insurance claims for our latest podcast.

The post 99: Cannabis Insurance Claims – Insight from a Producer and Former Operator appeared first on Insurance Journal TV.

Cannabis beverages are a $1 billion and growing market, with some estimates calling for a $100 billion or larger market in the next decade. They are popular, but these infused drinks pose interesting opportunities and risks for insurers. For our latest podcast we spoke with Lee Woodruff, vice president of the cannabis practice for Jencap, and Beth Medvedev, vice president of underwriting for Hudson Insurance Group.

The post 98: Cannabis Beverages Are Popular but Pose Interesting Risks for Insurers appeared first on Insurance Journal TV.

Testing for mold in cannabis products is a process that is being eyed lately as reports emerge that some level of “moldy weed” may be making its way to retailers. Product contamination poses some risks that insurers need to understand and be mindful of. Our latest podcast features Erich Schutz of Cannacover, a risk management consultancy and cannabis insurance incubator, and Carl Giannone, cofounder of Trade Roots, a growing cultivator and retailer in Massachusetts.

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CBD, once considered a safer cousin to sell and to insure than marijuana, has become a bit of a gray area for regulators and insurers. That’s because of the lack of regulatory guidance, and the fact that the Farm Bill has yet to be finalized. There’s a level of trepidation in the insurance industry, but one insuring cannabis specialist sees the CBD space as an opportunity for producers. For our latest podcast, we spoke with Summer Jenkins-Wilson, a principal with Capital Green Consulting.

The post 96: CBD’s Gray Area an Opportunity for Insuring Cannabis Specialists appeared first on Insurance Journal TV.

Explore how robust risk management serves as the foundation for cannabis operators, with insurance as a vital backstop against unexpected losses. Watch this clip from the Insuring Cannabis Summit 2024 as Al Ochosa of Curaleaf talks about what he’s seeing in the industry. To watch the full on-demand videos from the summit click here!

To register for free to next year’s summit or to be a speaker click here!

The post Risk Management: The First Line of Defense in Cannabis Insurance appeared first on Insurance Journal TV.

Explore the evolving landscape of cannabis insurance as industry leaders discuss cyber exposure, regulatory hurdles, and the implications of widespread business platforms on risk management. Watch this excerpt from the Insuring Cannabis Summit as Alan Fiano of Crum and Forster talks about what he’s seeing in the industry. To watch the full session and the on-demand videos from the summit, click here!

#CannabisInsurance #CyberRisk

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