Tag: cannabis business risks

Supreme Court Just Changed the Rules for Cannabis Liability Cases

Tate Ellison
Cannabis Liability Case

Supreme Court Ruling Paves the Way for Truck Driver to Seek Treble Damages in THC-CBD Case A new legal precedent has been set in the intersection of employment law, cannabis regulation, and consumer protection. The U.S. Supreme Court recently ruled 5-4 in favor of truck driver Douglas Horn, allowing him to pursue treble damages under the Racketeer Influenced and Corrupt Organizations (RICO) Act. This decision stems from a contentious case surrounding his dismissal after failing a drug test reportedly caused by unknowingly consuming THC in a CBD product. The ruling…

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Cannabis business insurance is easier to obtain in 2019 (but still has a long way to go)

Nordstrom
Cannabis Business Insurance - Hemp Leaf

Options are becoming much more widely available including coverage from top carriers. One year ago, cannabis business insurance coverage options were few and far between. Now that 2019 is getting started, these companies already have far more opportunities to obtain insurance. Moreover, many top carriers are among those selling products in this market. This niche had once been covered nearly exclusively by start-up insurers, but the trend has changed. A growing number of states have legalized cannabis. Accordingly, selling cannabis business insurance has become far more appealing to insurers of…

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