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Recent Posts

July 3, 2018

Last weekend's jarring transition in California's cannabis industry was intended to usher in a fully-regulated market. By all accounts, and confirmed by every “75% ALL INVENTORY IN STOCK!!!” dispensary ad you have seen over the past couple of weeks, the July 1 deadline...

May 23, 2018

It is hard to find real world circumstances under which the saying “one bad apple spoils the bunch” applies as neatly as it does to an insurance policy. Fifty to 100 coverage-expanding pages of policy forms can be rendered effectively moot by a single-page exclusionary...

December 4, 2017

The comment was made based on the belief that the state should not require cannabis businesses to buy insurance products that hide the ball on the extent to which they cover cannabis risks (and leave open arguments that they do not cover such risks at all) and, indeed,...

November 8, 2017

I have learned a number of Latin phrases since my legal career began. None, however, has been as useful in my practice as a risk management attorney serving cannabis industry clients as one I learned in school: Caveat emptor. Buyer beware.

First Admitted Cannabis Insura...

October 18, 2017

On your marks. Get set. Go! 

The City of Oakland rolled out its much anticipated dispensary application process last week, and hopeful applicants now have until November 20 to get their applications in. The dispensary applications are broken down into two categories, ge...

October 2, 2017

For the first time, an admitted insurance carrier has filed a cannabis insurance product with the State of California. California Insurance Commissioner Dave Jones made the announcement proudly during his keynote at the California Cannabis Industry Association's 2017 B...

July 26, 2017

If Jeff Sessions is fired or resigns from his role as Attorney General, as has been widely speculated in recent days, the cannabis industry may have unexpected reason to celebrate:  Ted Cruz.  President Trump is rumored to be considering Mr. Cruz as Mr. Sessions's...

July 21, 2017

Oregon is taking significant strides to ensure that insuring cannabis risk is understandable and predictable for policyholders.  In a move that could serve as an example for other states in which cannabis is legal in one form or another, the state has instructed all pr...

July 3, 2017

California Governor Jerry Brown signed into law the Medicinal and Adult-Use Cannabis Regulation and Safety Act (MAUCRSA) on June 27, 217.  Responding to industry feedback, California lawmakers have now unified regulation of the state's medicinal and adult-use (recreati...

June 28, 2017

After a long wait, a much-anticipated cannabis banking decision by the 10th Circuit Court of Appeals is in the books. On June 27, 2107, the Fourth Corner Credit Union, sometimes referred to as the First Bank of Pot, won a reversal and a legitimate possibility of ultima...

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