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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

Preparing Your Cannabis Business for California’s New Employment Laws in 2022

Chandra Andrade and Rebecca Stephens discuss "Preparing Your Cannabis Business for California’s New Employment Laws in 2022" at our Cannabis Industry Education Series. Each year in California, the new year brings new employment laws for businesses to...

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Publication

Cannabis Farms in the Neighborhood: Water, Contaminants and Other Proximate Matters

Farella's Buzz Hines, and guest speakers Kari Campbell-Bohard from EpicVeg and Lompoc Valley Cooling and Robert Schultz from Geo Blue Consulting, for a discussion on "Cannabis Farms in the Neighborhood: Water, Contaminants and Other...

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News

2022 Cannabis Insurance Market Update

Tyler Gerking was quoted in  PropertyCasualty360 's article "2022 Cannabis Insurance Market Update."  Read the full article here (subscription required). Watch the webinar "Cyber Insurance for the Cannabis Industry" here .

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Publication

How Changes to California’s Fire Regulations Could Affect North Coast Housing Projects

Both the Board of Forestry and the State Senate are considering changes to state fire regulations that would affect real estate development in California. The first set of changes can be found in the...

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Publication

Cyber Insurance for the Cannabis Industry

Farella's Shanti Eagle (moderator), Nate Garhart and Tyler Gerking, along with guest speakers Javier Gonzalez and Michael Peters from PL Risk Advisors, discuss "Cyber Insurance for the Cannabis Industry." Cannabis businesses have cyber security...

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News

Farella Client MedMen Enterprises Inc. Opens Second San Francisco Retail Store

Farella Braun + Martel provided MedMen Enterprises Inc. , a leading cannabis retailer with operations across the nation, with land use and permitting advice to win approval to open its MedMen Union Street retail...

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Publication

How to Guard Against 3 Cannabis Cyber Attack Risks

Cyber attacks are now commonplace. Ransomware attacks, in particular, have skyrocketed in frequency and size. High-profile data breaches have cost businesses in the United States millions of dollars in losses and incalculable reputational harm...

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Publication

Are Communications With Your Insurance Broker Privileged Under New York Law?

Discussions with an insured’s insurance broker are often an important part of the negotiation process for insurance claims. Brokers can provide valuable insights on the drafting and underwriting of the insurance policy as well...

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News

Farella Represents Next Green Wave in Agreement to Sell to Planet 13

Northern California legal powerhouse Farella Braun + Martel acted as U.S. counsel in representing California seed-to-shelf cannabis producer  Next Green Wave Holdings (NGW) in its definitive arrangement agreement to be sold to Nevada-based cannabis...

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News

Farella Braun + Martel Announces Five New Partners

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