Cannabis companies state that many business are paying up to seven times higher insurance than other industries. Many officials citing a rise in U.S. lawsuits against publicly traded cannabis firms. Reuters reports that “Entry-level insurance premiums for cannabis industry directors and officers of public companies have more than doubled”. Furthermore, investors claiming fraud and misinformation have recently climbed. According to a report released by Law firm Goodwin, some of the cannabis’ industry top companies were involved in a number of class-action lawsuits in the U.S. against publicly traded cannabis companies from 2018 to 2019.
– Ganjapreneur, by TG Branfalt, July 7th, 2020
Open article: https://www.ganjapreneur.com/insurance-premiums-for-cannabis-executives-spike-as-lawsuits-rise/