Cannabis employer’s liability insurance is a must for any business operating with employees in the marijuana industry. Marijuana employer’s liability insurance protects you from employer’s liability including discrimination against the following but not limited to Age, Race, Disability, Sexual Misconduct or discrimination, or wrongful termination of an employee working in your cannabis business. The cannabis industry continues to grow with the need for more qualified employees and an employer liability insurance policy is the almost a requirement to keep the marijuana business growing. The Marijuana Industry is growing exponentially, businesses want to keep their employees happy, safe and in a positive working environment. With harassment and misconduct allegations on the rise in many industries, business owners need to protect their businesses against the potential negative impact of resentful employees.

How To Navigate Legal Cannabis For Employees | S2S Insurance Specialists

Canada has legal cannabis and other countries will likely follow suit soon. Advocates for legal cannabis site the potential health benefits and a positive impact for many involved in the criminal justice system due to cannabis. While for those in Canada legalization represents a certain level of freedom, there are still restrictions and regulations that everyone should keep in mind before they consume cannabis in any form.

S2S Insurance, eric rahn, cannabis industry, cannabis insurance, legal cannabis, who insured cannabis companies, cannabis employer liabilityWhile legal cannabis means the number of cannabis related crimes and arrests should dramatically fall, what about employers and jobs? Some are asking the question; how are employers handling the legalization of cannabis? In Canada many are treating legal cannabis much like they do alcohol. It comes down to liability. Employers are responsible for providing a safe work environment, and employees have a responsibility to come to work fully functional and not impaired. Typically it is not a good idea to come to the office or work site after having three or four cocktails, likewise it’s probably not a good idea to show up after taking consuming marijuana. GZ.com talks about the issue more in depth below.

For office jobs, the message is that essentially, nothing has changed: You’re expected to show up sharp enough to perform on the job. Unless you have a legitimate prescription for medicinal marijuana, the workplace does not need to accommodate your cannabis habit.

No. [The company] is responsible for the well-being of all our people in the workplace – intoxication or impairment in the workplace is unacceptable and legalization of recreational cannabis does not change that. Impairment or intoxication is also strictly forbidden while operating any [company] owned motor vehicles.

S2S Insurance, eric rahn, legal cannabis, dispensary insurance, marijuana employer liability, cannabis insurance specialistsRecreational cannabis is treated like any other controlled substance, such as alcohol, and the purchase and consumption (in all forms) both publicly and privately is regulated by Provincial Legislation and the Cannabis Act.

Finally, because so many Canadian jobs require travel to the US, the memo notes that employees are responsible for staying compliant with US immigration laws about both personal use of marijuana and any investments in a cannabis company. “This applies for business travel to other countries as well,” it says.

This is about liability, not morality, he says. In some workplaces, rather than have an accident occur because a policy was too lenient, a company would rather have employees take action against an organization to prove that its policy is overly prohibitive, perhaps a violation of a person’s rights and freedoms. Then an outside decision-maker might force management to loosen restrictions.

For employers, firing an employee over impairment isn’t as straight forward as one may think. While an employer may have cause for termination, if an employee is dealing with a substance abuse issue, the employee could have cause to bring a labor dispute relating to medical and or mental health discrimination. It’s important for employers  to review their employer’s protection liability along with their worker’s compensation policies to determine their level of risk in these instances. If you do not have one or both of these policies, reach out to Eric Rahn of S2S Insurance Specialists and he can help get you protected.

read more at qz.com

Cannabis Industry Top Paying Jobs

The beauty of the cannabis industry is that as it becomes less taboo, more opportunities will arise for more individuals to profit in the flourishing field. Not everyone involved in the cannabis industry can be a dispensary owner or a cannabis grower. There is a need for budteneders, bud trimmers and cannabis insurance providers like S2S Insurance Specialists. While these jobs are all important and require certain skills, there is also a demand for jobs that require a more advanced skill set and knowledge. These jobs are more than likely to turn into careers for those qualified, and not just part time jobs while in school.

The jobs cannabis industry employers are most eager to fill usually require chemistry, botany, and/or engineering degrees. The jobs deal heavily with the science of manipulating the cannabis plant for a desired product or effect. Many of these higher skilled positions can pay in the six figure range for larger companies with all signs pointing towards long term job security.

S2S Insurance, cannabis industry, david rahn, marijuana industry, cannabis professional liability insurance, marijuana jobs

Budtenders, who sell marijuana to customers at dispensaries, typically make about $14 an hour. The job requires an in-depth knowledge of cannabis strains and products and a bartender-like rapport with customers. In Colorado and also Michigan, where medical marijuana is legal, budtenders are required to have licenses.

The greatest demand, according to James Yagielo, co-founder and owner of the Florida-based headhunter HempStaff, is for master extractors. They process the active components THC and CBD from marijuana and hemp to make oils, concentrates, edibles and other products.

The master extractor at Acme Elixirs, a producer of THC and CBD chews and vape pens, earns $250,000 a year, said founder and CEO Peter Pietrangeli. But he said that even with that level of pay it’s hard to recruit and keep these workers “because after a while they’ll get the funding to build their own labs.”

Becoming a master extractor requires a PhD in biochemistry with a background in engineering, which means there’s a small pool.

He said job seekers with degrees in botany, chemistry or pharmacology are the next generation of master growers and lab directors. Like master extractors, lab directors and master growers can earn big dollars.

“I know some master growers who make more than $200,000. They’re valuable,” said William Simpson, CEO of Golden Leaf Holdings, an Oregon-based chain of dispensaries, cannabis farms and manufacturers. “That is going to be a very sought after, difficult position.”

Elad Spiegel, director of cultivation and breeding for Golden Leaf, said his annual pay is $120,000. He has a bachelor’s in plant science from Hebrew University in Jerusalem and started working in the cannabis industry in his native Israel before joining Golden Leaf in 2015.

cannabis insurance, s2s insurance, david rahn, cannabis industry, marijuana professional liability insurance, cannabis insurance specialistsHaving a master extractor or master grower can be a benefit for a growing cannabis company. But, like anything in business there is risk involved. Certain professionals, because of their expertise, are held to a higher standard of liability due to the impact of their potential mistakes. These professionals are well trained and skilled at not making mistakes, but they do happen. If a mistake does happen, you as a business owner want to be prepared. Eric Rahn of S2S Insurance asks a simple question when potential clients waiver on cannabis insurance, “When the shit hits the fan can you afford to clean up the mess?” Professional liability insurance is designed to protect professionals against liability incurred as a result of errors and omissions in performing their professional services. This protects the professional, and with the right risk management strategy, can protect your business as well. Contact S2S Insurance Specialists today to see what we can do for your cannabis business.

read more at money.cnn.com

Worker’s Compensation Provides Relief To Cannabis Employees and Employers

Cannabis related businesses are becoming more common as each state passes some form of legalization. The marijuana industry faces it’s own special set of regulatory concerns due to the Schedule I status of the marijuana plant. While the cannabis industry does have special circumstances and restrictions, it does share commonalities with other traditional business models. One of those commonalities is worker’s compensation laws. All states have some form of worker’s compensation requirement and cannabis related businesses must comply with these requirements like any other business.

S2S Insurance, Eric Rahn, Workers compensation, dispensary insurance, cannabis insurance specialistWorker’s compensation, often referred to as worker’s comp, is a state-mandated program required by law to make payments to an employee who is injured or disabled in connection with his or her employment. Each individual state has its own individual worker’s compensation insurance program. Not all states require businesses to carry worker’s compensation insurance, but it is an option. The coverage also benefits employers because the coverage insulates businesses from the possibility of paying out large damage awards to injured employees in civil actions. Depending on the state, the employee may be entitled to medical benefits, temporary total disability benefits, permanent partial disability, permanent total disability benefits, death benefits, and funeral benefits.

The horrific death of Carlos Gabrielli on a Westerleigh construction site should shock us all to the core. His throat slashed by an electrical saw after a slip and fall, he died in an ambulance after his coworkers frantically tried to stanch the bleeding with the shirts off their backs in the immediate aftermath of the gruesome accident.

As the Advance notes in its coverage, this was only the second of three dreadful workplace accidents in Staten Island last week. One day later, a crane collapsed at the construction site of a new Amazon warehouse in Rosebank. One worker’s leg reportedly “snapped in half.” Three days before that, a 25-year-old electrician was knocked unconscious at a construction site in Bloomfield after a small panel explosion exposed him to a 500 volt arc of electricity.

These kinds of workplace accidents, unfortunately, are not rare. On average, 13 workers die on the job every day in this country. Most of these deaths are completely preventable.

S2S Insurance, marijuana insurance, cannabis testing lab insurance, marijuana doctor insuranceThe worker’s compensation system allows your employees to be better employees, and if frees you up as the employer from concerns about facing lawsuits brought by injured employees. Even if the employee is negligent and somehow causes their own injury,  they are still entitled to worker’s compensation benefits. S2S Insurance will always advocate for employers providing safe working conditions for their employees’ well being and also to help minimize risk for the employer. Accidents do happen at the work place, and when they do, S2S Insurance can have you as an employer prepared with a worker’s compensation insurance policy. If you don’t know your state’s policies regarding worker’s compensation or how your marijuana related business could be impacted, reach out to S2S Insurance and we can help you take a look at your potential risks. “Your insurance specialist should be a key advisor to your business, just as your accountant and your attorney”-Eric Rahn of S2S Insurance. 

read more at silive.com

Employer’s Protection Liability and Sexual Harassment

The rise of the #MeToo movement and women fighting back against sexual harassment is having a direct impact on American businesses large and small. The largest visible impact can be seen in Hollywood and in the entertainment industry. Less visible is the impact the movement is having on small businesses including cannabis related businesses. Employer’s protection liability becomes more necessary as these issues continue to arise.

Small and midsize businesses like those found in the world of cannabis are not immune to claims of sexual harassment and discrimination. A study by Source Media found that women at companies that employ fewer than 100 people are more likely to say that sexual harassment is highly prevalent in their industry than those at larger firms. This translates directly to cannabis related business and employers as many of these business are in the start up stage and often start with less than 100 employees. Harassment claims are not going away and instead are increasing, which could represent substantial financial losses for your business, especially if you are a small startup. The average discrimination claim among small or midsize businesses is more than $100,000, with some resulting in damages more than $500,000. Employer’s protection liability insurance policies generally cover claims made by workers who sue your business for violating their legal rights. Examples include sexual harassment, wrongful termination and retaliation.

S2S Insurance, Eric Rahn, cannabis business, cannabis insurance, marijuana insurance, employer's protection liabilityAccording to the U.S. Equal Employment Opportunity Commission, you should start by telling the person who is doing the harassment to stop — if you feel comfortable doing so. If you don’t feel comfortable doing so, or if the behavior continues despite your efforts, there are some key steps to take.

According to the EEOC, sexual harassment is a form of sex discrimination. Under the Civil Rights Act of 1964, you have the legal right to be protected from discrimination in the workplace if your company has 15 or more employees. State laws or employer policies might also offer additional protections.

Check to see if your company has an anti-harassment policy. It may be on the employer’s web site or in their employee handbook, or you can get it from human resources.

s2s insurance, cannabis sexual harassment, dispensary insurance, marijuana testing lab insuranceWhen making the decision to invest in a cannabis related business one of the first questions all potential investors, entrepreneurs, and business owners should be asking is what are the risks? At S2S Insurance we specialize in helping you evaluate those risks and protect your investment based on the various levels of exposure found in the risk assessment. Eric Rahn of S2S Insurance states, “Cannabis insurance is becoming a very specialized niche in the insurance industry. Not all insurance agents/brokers have the knowledge about the risks in the cannabis industry.” At S2S Insurance we recognize the growing risk associated with sexual harassment in the work place and would review employer’s protection policies with all of our clients based on the size and make up of their cannabis related business. An employer’s protection liability policy is a good form of risk mitigation, but it should be understood that policy limits apply and all policies should be reviewed by the business owner, a qualified S2S Insurance agent, and an attorney.

read more at cnbc.com

Cannabis Employer’s Protection When Disaster Strikes

Every cannabis business owner should aim to maintain a safe and discrimination free working environment. Another good business practice is to fire employees for just cause, such as poor performance, an action irreparable to the business, or lack of trust based upon documented evidence. Even with the best policies and intentions in place, a fired employee may not agree with the reason for termination and they may opt to take action. Depending on the situation the employee could sue for wrongful termination based on any number of types of discrimination. In situations like this, marijuana business owners must have cannabis employer’s protection liability insurance.

S2S insurance, cannabis insurance, cannabis business, marijuana insurance, cannabis employer's protection

At any time an employee could file a claim against you for discrimination including age, race, disability, sexual discrimination, wrongful termination, or some other type of discrimination. Traditional businesses and industries have been navigating these issues for as long as they have been in business and the same is true for the marijuana industry. Marijuana related businesses are not immune to charges of discrimination or wrongful termination. Any business that has multiple employees runs the risk of being sued by that employee at some point in time during or after the working relationship.

A cannabis company fired an employee due to her cancer diagnosis, alleges a new lawsuit. Pamela Johnston, formerly senior vice president of strategy and special projects for Electrum Partners, is suing the company and its founder Leslie Bocskor for wrongful termination in a lawsuit filed last week in the U.S. District Court for the Southern District of New York.

“Electrum and Mr. Bocskor fired Ms. Johnston because she was suffering from cancer,” reads the complaint. “They also fired Ms. Johnston because she had reported intra-company sexual activity that posed a risk to the company – activity undertaken by Electrum executives that Electrum did not want to address.”

 

Electrum Partners is a consulting firm that specializes in the cannabis industry. The lawsuit alleges that the company violated New York City Human Rights Law in her termination and is seeking damages from lost wages, back-pay, pain and suffering, and more.

s2s insurance, cannabis employer's protection, weed industry, cannabis businessEvery employer wants happy employees that can work for them forever as a big happy family, but unfortunately that is not always the case. If there is a bad break up and the employee ends up filing a suit, marijuana business owners can protect their businesses with cannabis employer’s protection liability insurance. A claim for discrimination or wrongful termination could include depositions, file and record requests, court proceedings, damage awards, punitive damages, and legal fees. Even an unsuccessful claim against an employer could be time consuming and costly to defend. Cannabis employer’s protection liability insurance would pay the cost of the entire claim up to the policy limit. While no policy can insure against time lost or other collateral damage caused by a discrimination claim, the right policy can reduce the damage by covering the financial loss if such a claim is filed. A business owner should always work closely with an experienced insurance agent when determining the right risk management strategy for their business.

read more at forbes.com

Cannabis Insurance Defending Cannabis Businesses From Professional Liability

In traditional industries with professionals such as accountants, lawyers, and doctors, there is an expectation of specific knowledge and professionalism. Businesses and families rely on their accountants to help them file taxes and set up businesses to minimize their tax liability while staying compliant with the rules and regulations set by the IRS. Clients depend on their lawyers to know specific areas of law and rely on their advice to make legal decisions that may impact the rest of their lives. Patients place their lives in doctors hands with diagnosis and medications, anticipating positive results to their various ailments. The cannabis industry has various professionals that are also relied upon for their knowledge and expertise and like all responsibilities that come with being a professional, when a mistake is made the consequences can be drastic. Cannabis businesses owners such as marijuana growers must protect themselves with a form of cannabis insurance, specifically professional liability insurance.

s2s insurance, cannabis insurance, who insures the marijuana industry

There are multiple forms of cannabis insurance that can help a cannabis businesses owner manage risks, but for the various professionals in the industry such as growers and consultants, professional liability cannabis insurance is a valuable tool to mitigate risk. In Colorado a couple has been granted the right to sue a marijuana company for it’s use of pesticides on it’s marijuana plants. The company is now facing a possible class action law suit and unspecified damages that could potentially cost large amounts of money that few businesses can afford to lose. If the company in question is properly insured, they should be able to minimize their exposure in this instance, but it should be noted that there are policy limits to all policies, and not all occurrences or liabilities may be covered.

The lawsuit against LivWell Inc. by Brandan Flores and Brandie Larrabee seeks class-action status and alleges the company for years inappropriately used Eagle 20, a heavy-hitting pesticide with myclobutanil that kills a variety of pests endangering the plants.

“In a larger sense they’re saying the marijuana industry can’t go on unchecked and someone has to do something to stop these people from using Eagle 20 and other harmful pesticides,” said Steven Woodrow, their attorney.

The two claim damages for an unspecified amount of money they overspent to buy the marijuana they say should have sold for a lesser price because of the pesticide.

cannabis insurance, cannabis class action, s2s insurance, who insures cannabis industry

LiveWell Inc. and the situation in Colorado is the exact reason cannabis business owners cannot ignore cannabis insurance. The cannabis industry is in it’s infancy and will face many challenges in the near future. S2S Insurance Specialists can help cannabis business owners evaluate potential risks and put together a plan that protects the business from all angles. Cannabis insurance is new in the sense that the end product is new to the world of insurance, but the business models, the guiding principles of risk management and underwriting are not new. S2S Insurance has experienced insurance professionals that can help business owners protect their investments and livelihoods. It is also important to remember that regardless of what type of cannabis insurance policy you have, coverage limits will apply.  You must read your policy with both your agent and your attorney to determine what your coverage consists of.

read more at denverpost.com

Cannabis Insurance: Directors and Officers Liability Insurance

Both the adult-use and medical marijuana industries are growing at an incredible pace. The massive push to normalize the consumption of marijuana, whether it is patients viewing cannabis as just another form of medication or adults seeing marijuana like alcohol, will eventually make the legal cannabis industry as mainstream as any other business industry. Bearing that in mind, cannabis businesses need to understand how to manage their risks appropriately. The risks inherent to the cannabis industry are the specialty of S2S Insurance Specialists. Financial risks for a company starts at the top, hence the creation of Directors and Officers Liability Insurance.

s2s insurance specialists, Directors and Officers Liability Insurance for cannabis businesses, marijuana insurance

If you are taking outside investor funds from private equity sources, venture capital or friends and family, you need D&O Insurance. Directors and officers bear the most risks associated with owning a privately held, non-profit or publicly traded corporation. As the owner, director or officer of a cannabis business you may take on roles within the company that require providing professional advice or making difficult decisions. Any owner, director or officer in a management positions may be the focus of potential  litigation.

All  businesses are vulnerable to being sued by shareholders, customers, suppliers, employees or competitors. A recent Towers Watson survey showed that public, private, and non-profit companies all face directors and officers litigation risks. In fact, as the director or officer of a business that handles state legal marijuana, your challenges are more complex with the current State and federal  banking, employment and transportation issues the that the cannabis industry faces..

Cannabis is still a Schedule 1 substance, which means it is listed on the Controlled Substance Act making it as illegal of a substance as exists on the federal level. Despite the fact that 30 states have legalized medical marijuana and nine states have either implemented an adult-use market or are in the process of setting one up, banks remain reluctant to accept funds from a cannabis company forcing cannabis business to operate on a cash-only basis. Working exclusively with cash makes filing taxes, especially with tax code 280E preventing marijuana business owners from writing off normal business expenses, difficult to simply organize expenses and income. Considering these additional challenges, Directors and Officers Liability Insurance for marijuana companies is that much more important. Staying organized is the key to having a successful cannabis business.

Directors and Officers (D&O) liability insurance protects the personal assets of directors, officers and their spouses in the event they are personally sued by employees, vendors, competitors, investors, customers or other parties for acts while managing a company. It covers legal defense fees and settlements, and provides the standard indemnification provisions that hold officers harmless for losses due to their position at the company.

budtender, marijuana business, who insures the marijuana industry, liability insurance for marijuana

Budtender

Some examples of insurable claims in the cannabis industry have resulted from various aspects of the operations. Let’s say a budtender is in the unfortunate circumstance of being on shift during a robbery or a cannabis trimmer hurts themselves due to faulty machinery. The care of cannabis plants during the cultivation process often involves highly sophisticated equipment, especially for indoor grows, and the preparation of cannabis concentrates can create intense fire hazards. The naming of cannabis strains is a sensitive issue as well. There is no standardized method of naming strains and recent lawsuits against the creators of Gorilla Glue and Girl Scout Cookies ended up in favor of the plaintiffs. The cannabis industry involves many financial hazards in all reality, which makes insurance for marijuana all the more important.

cannabis trimmer, cannabis insurance, Directors and Officers Liability insurance for marijuana

Trimmer

A director or officer could be sued for any of the following reasons:

  • Failing at their fiduciary responsibilities
  • Misrepresenting company assets
  • Using company funds inappropriately
  • Misrepresentations by the board of directors
  • Failure of the board of directors to take appropriate actions
  • Infighting between board members and shareholders
  • Not following the laws of the workplace
  • Stealing intellectual property or taking a competitor’s customers
  • Failure meet state and federal requirements
  • Not managing the company properly
  • Fraud

Do not think for a moment that your company has to be generating millions of dollars each year for these financial risks to become a reality. According to a 2016 CHUBB survey, financial losses due to lawsuits for the above reasons ranged anywhere from $387,000 to $17 million. Needless to say, losses such as these would devastate most companies, especially a small cannabis business trying to find footing in this complex space. Unless of course that company has taken on the right sort liability insurance for cannabis.

dispensary insurance, testing lab insurance, who insures the cannabis industry, insurance for marijuana cannabis business, who insures the marijuana industry, liability insurance for marijuana

cannabis employers liability insurance, dispensary insurance, testing lab insurance, cannabis directors and officers

Source: CHUBB

S2S Insurance Specialists provides Director and Officers Liability Insurance for companies  in both Canada and the United States. We cover Canadian cannabis businesses including public Canadian companies that are operating exclusively in Canada or in the United States as well. We also provide policies for private U.S. cannabis companies which includes startups and both emerging and mature companies. We write policies from US$1M to over US$25M+.

D&O Liability Insurance can also cover:

  • Employers Practices Liability – which protects an employer from a lawsuit filed by an employee for a wrongful act
  • Fiduciary/Crime – which covers an employer from a theft by an employee
  • Errors and Omissions – which covers General Counsel costs and other professional advice fees, especially for companies practicing in the medical marijuana space.

Directors and Officers Liability Insurance does not cover marijuana companies for  any illegal acts.

It must be brought up since the cannabis industry is transitioning away from the illicit market. All cannabis companies must be operating with all of the state licenses and permits necessary to operate legally. Missing, not understanding or forgetting to go through the proper measures to receive a valid license from your state will never be excusable. Please take the time to make sure your cannabis business is setup properly with the state or any cannabis insurance coverage could become void.  

Understanding the risks associated with owning a business that directly handles the marijuana plant or an ancillary business connected to the marijuana industry is the business of S2S Insurance Specialists. We are advocates for cannabis, but more importantly we are insurance professionals. Insurance for marijuana companies is essential. We want you to know that you can count on us to not only provide you with proper coverage but also in helping you understand the risks inherent in owning a marijuana company. Those risks start at the top with the directors and officers of a marijuana company. Liabilities exist everywhere in the cannabis industry, whether it is banking or merchant service issues, the Schedule 1 status of cannabis or the normal day-to-day risks of owning any company. Let us help you cover all of your bases and avoid financial setbacks to help you survive and flourish in this new incredible industry where there are no limits for where your company could go.

Contact us at S2S Insurance Insurance Specialist, www.s2sinsure.com  or call 1-954-790-6604 and talk to Eric or David Rahn.

Cannabis Worker’s Compensation Insurance, Why It’s Needed

Cannabis business owners may debate the need for cannabis worker’s compensation insurance for cannabis employees, but in reality there should be no debate. Business owners should view cannabis workers compensation as a protection and not another expense. While in some states, smaller employers (generally those with 1-3 employees) may opt out of the mandatory coverage, many employers elect to opt into worker’s compensation coverage to protect their investments. Cannabis employers’ reasons for opting in include protection from being sued for causing injury, no fault coverage, and coverage for the actual business owner as well in case of injury while working.

The good news is cannabis employers and employees have an option to protect themselves if on the job accidents occur. The bad news is that there is ambiguity about medical marijuana and cannabis workers compensation coverage.  If a cannabis employee is injured on the job, it is logical to think that the employee may want to use medical marijuana to help manage pain while recovering from their injury. Due to the Schedule I status of marijuana on the federal level, and ambiguity among state laws regarding the issue, worker’s compensation payments may not cover the cost of medicinal use cannabis for injured employees. In a case out of Maine, an employee sued for reimbursements for money he spent out of pocket for medical marijuana. The court in Maine decided that employer’s do not have to pay for or reimburse employees for medical marijuana, and that doing so would be a crime under federal law.

But Twin Rivers Paper Co. and its insurer appealed the ruling, arguing that paying for pot use, even for medical purposes, could expose the companies to prosecution since marijuana still is illegal at the federal level… With medical marijuana legal in Washington, D.C. and 29 states, insurers across the country have been confronted with the same dilemma. Uneven state laws on reimbursement further complicate the issue… Twin Rivers attorney Anne-Marie Storey said paying for medical marijuana puts the company in violation of federal law. The company contends that Maine’s medical marijuana law does not explicitly require an insurer to cover the cost of medical marijuana.

While employers are not required to cover medical marijuana in some states, and the law is not clear in others, it is important to remember the benefits of cannabis worker’s compensation insurance. Without worker’s compensation for cannabis employees, employers can be exposed to a number of risks. In some states a business may receive a fine for each day worker’s compensation coverage is not maintained. Some states may prevent businesses from operating until the owner provides proof of coverage. Owners may be held personally liable for paying employees medical expenses and lost wages. Even if your cannabis business is small with a few employees, all it takes is one law suit for damages to derail the entire operation. Employers without proper coverage not only risk damaging financial losses for their business, but in some instances personal financial losses as well. Cannabis worker’s compensation for employees is only one of a number of tools employers can use to protect their business.  It is absolutely critical that business owners work with an insurance company and agent that can help them navigate the various risks and threats to a business and put a plan in place to protect the owner’s investment.

read more at thecannabist.co