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Insurance for the Cannabis Industry Program Takeaways

May 15, 2019 Blog

I recently moderated a Bar Association of San Francisco Insurance Section program co-sponsored with the Cannabis Law Section. The program highlighted recent changes to local insurance requirements and market availability of coverage for cannabis businesses.

Local insurance requirements vary greatly by city and county, and it is important to take this into account—especially if you will be doing business throughout California. While certain coverages are still unavailable (i.e., true outdoor crop insurance) or prohibitively expensive (i.e., quality D&O insurance), one point of optimism is that the insurance market is actually adapting quickly and well to the demand for insurance for this industry. As a result, the panel recommended reviewing and updating your insurance portfolio often with the assistance of a broker who is well versed in the cannabis space.

Read full blog post, here.

Firm Highlights

Publication

Evicting Tenants Over “Illegal” Cannabis Operation Comes Back to Bite Landlords in Coverage

A 6th Circuit case decided earlier this year demonstrates how positions taken by insureds in prior litigation can impact or foreclose coverage in subsequent disputes with insurers. See K.V.G. Properties, Inc. v. Westfield Ins....

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Event

Cannabis and Employment Law

Rebecca Stephens will present the session "Cannabis and Employment Law" at the Network of Trial Law Firms' Litigation Management in a New York Minute – 2019 Edition event. Overview:  Medical marijuana is now legal in 33...

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Publication

CBD in Foods and Beverages? Not Quite Yet

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Publication

Will It Go Forward? First Cannabis Patent Infringement Case Filed in Federal Court

A patent infringement case pending in front of the U.S. District Court for the District of Colorado has the potential to set an important precedent that will have ramifications for many of our clients...

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Publication

Cannabis Companies and the California Consumer Privacy Act

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Publication

Damages for Permit Revocation Constitute Covered “Loss of Use”

Insurers often claim “economic damages” are not covered under a standard commercial general liability (CGL) policy.  The Fourth District Court of Appeal’s decision in Thee Sombrero, Inc. v. Scottsdale Ins. Co., 28 Cal. App....

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News

Farella Braun + Martel Recognized by Chambers USA 2019

SAN FRANCISCO, April 25, 2019:Farella Braun + Martel announces that Chambers USA has recognized 11 lawyers and five practice areas in the legal directory’s 2019 edition. Practice Area Recognition:  Of note, this year the...

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News

Farella Braun + Martel Insurance Recovery Partners Participate in American College of Coverage Counsel Annual Meeting

Tyler Gerking was inducted as a Fellow of the American College of Coverage Counsel’s 7th Annual Meeting in Chicago, Illinois on May 9, 2019. Mary McCutcheon presided over the meeting as she completed her term...

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Publication

“That Particular Part” – Yet More

Massachusetts Appeals Court Gets It Right – Mostly Hot on the heels of the Federal Tenth Circuit Court of Appeals’ decision in MTI, Inc. v. Employers Insurance Company of Wausau , __ F.3d __,...

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Publication

Doing Business With the Cannabis Industry? Make Sure Your Insurance Will Cover You

By Shanti Eagle, Farella Braun + Martel, and Martin Fox-Foster, Emergent Risk Insurance Services Much has been written about the difficulties and limitations of insuring leaf-touching cannabis businesses. However, any individual or company simply interacting...

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