Insurance Issues in the Cannabis Industry: Managing Risk Under State and Federal Law

Traditional and Modified Insurance Products; Key Exclusions and Issues; First-Party Property and Products Liability Coverage

Recording of a 90-minute CLE webinar with Q&A


Conducted on Wednesday, July 17, 2019

Recorded event now available

or call 1-800-926-7926
Program Materials

This CLE webinar will identify types of potentially insurable risk faced by the cannabis industry, review types of coverage, typical exclusions and associated legal issues, assess the state of the cannabis insurance market and state regulatory regimes, and provide practical guidance on obtaining insurance and addressing claims-related issues.

Description

The expansion of marijuana's legal status nationwide has positioned the cannabis industry for massive growth and fueled a surge in cannabis-related business opportunities. But the division between state and federal status makes it difficult for businesses to receive comprehensive, affordable coverage and often leaves policyholders with restrictive plans.

Marijuana-related businesses (MRBs) and their vendors face many insurance-related risks and obstacles. These risks include theft, general liability and product liability. Standard general liability plans address these risks for non-MRB businesses, but most insurers hesitate to provide such coverage for MRBs due to the legal uncertainties.

Listen as our authoritative panel discusses potentially insurable risks faced by MRBs, reviews types of coverage, typical exclusions and associated legal issues, assesses the state of the cannabis insurance market and state regulatory regimes, and provides practical guidance on obtaining insurance and addressing claims-related matters.

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Outline

  1. Evolution of the cannabis industry and insurance products
  2. Key exclusions and issues for claims
  3. First-party property coverage litigation
  4. Products liability coverage litigation
  5. Miscellaneous cannabis-related insurance issues and practical considerations

Benefits

The panel will review these and other high-priority issues:

  • What are the unique risks in the cannabis industry and how are they potentially insurable?
  • What types of coverage are available?
  • What are the practical implications of federal and state law conflicts?
  • What are the primary marijuana-related insurance coverage issues?
  • What are the specific techniques counsel should employ when complying with public and private insurance requirements?
  • What is the state of the cannabis insurance market and state insurance regulation for cannabis?
  • What are the most marijuana-friendly jurisdictions?
  • What are best practices for insurance procurement and claims-related issues?

Faculty

Gilinsky, Marshall
Marshall Gilinsky

Shareholder
Anderson Kill

Mr. Gilinsky is an experienced commercial litigator who applies his complex analysis skills with extensive...  |  Read More

Horst, Jason
Jason M. Horst

Principal
Horst Legal Counsel

Mr. Horst represents companies in developing and implementing effective risk management strategies, including the...  |  Read More

McCall, Kathryn
Kathryn L. McCall

Partner
Sideman & Bancroft

Ms. McCall focuses on helping early stage and mature companies, as well as family-owned and life-style businesses,...  |  Read More

Richardson, Brian
Brian C. Richardson

Founder
Foundations Insurance & Financial Services

Mr. Richardson began his career in the financial services industry in 2000 as an agency owner for a large national...  |  Read More

Other Formats
— Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

48 hours after event

$297

Download

48 hours after event

$297

DVD

10 business days after event

$297 + $19.45 S&H