Eric Rahn
When it comes to mitigating risk in the cannabis industry, the stakes are sky-high.
Companies large and small, public and private, for-profit and not-for-profit are all exposed to costly litigation.
As operators try to navigate the regulatory minefield while dealing with market volatility and mounting pressure by investors to turn a profit, we’re witnessing a surge of legal action against companies’ boards of directors.
With the number of new lawsuits tripling in the past two years, directors and officers liability insurance (D&O) is in hot demand.
Why then, with all the pent-up demand, is it so difficult to access affordable coverage with the necessary limits?
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Availability of cannabis insurance
As the cannabis industry continues to grow and mature, legal restrictions at the federal level remain a significant challenge in securing insurance coverage.
Despite explosive industry growth and opportunities in the cannabis space, many of the
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