Medical cannabis businesses in Florida – many still reeling from the aftereffects of Hurricane Ian – have options to help recover from the costly physical and financial damage caused by the deadly storm.
Property-insurance claims, business-interruption coverage and coverage for extra expenses – such as backup generators, cleanup equipment or facility rentals – should be available to most state operators, experts told MJBizDaily.
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In addition, operators whose cultivation operations were damaged can purchase product on a wholesale basis, if needed.
Still, recovering from the fallout won’t be easy.
Cannabis operators should expect pushback from their insurance providers, according to Michael Sampson, a Pittsburgh-based attorney who specializes in insurance issues for marijuana companies and other businesses.
“Insurance companies – unfortunately in my experience, especially when confronted with large, mass-scale losses – will often look for basis to deny coverage,” said Sampson, who represented hotel operators in the aftermath of
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