Maturity and Security of The Medical Marijuana Industry
Grass roots host Karen Canton of Kaercher Insurance guests Avis Bulbulyan, CEO of Bulbulyan Group and Martina Jaccarino, litigation attorney with Black & LoBello. They discuss employees who use medical marijuana, the need for the cannabis industry to mature quicker than most businesses. The requirements for packaging information and how that will become more detailed as the space moves forward. The group also discuss cannabis insurance for marijuana businesses. The gathering of risk elements data are needed for accurate insurance coverage pricing is examined, as well as how medical marijuana compares to regular pharmaceuticals when insurance is considered.
Cannabis insurance, much like banking, has a number of hurdles to overcome. Recognition of the need for cannabis insurance and the ability to get an insurance company to underwrite new businesses breaking in to this industry are topics many overlook until it is too late.