Intel

Pharmacies in the state of Georgia can now legally sell certain cannabis products at their counters under a new law that went into effect Oct. 27. It is the first state in the U.S. to permit pharmacy sales of medical marijuana, which will be limited in Georgia to low-dose THC products like THC oil and capsules, CNN reported. [lgc_column grid=\"50\"…

Despite the continued “flight toward profitability” for most carriers, moderation in both rate and capacity is occurring in many insurance sectors. Most rates are rising, but the level of increases is slowing. Capacity is generally available but often requires creativity. On the Casualty side, some classes remain stressed while carriers are competing for business in others. These and other trends…

Federal regulators in the U.S. are demanding that several cannabis companies stop making THC-containing products that mimic common children’s snacks like Doritos, Nerds candy, and Oreos. Making cannabis edibles that kids could mistake for normal food items is \"reckless and illegal,\" Samuel Levine, a Federal Trade Commission director, said in a July 5 statement announcing the cease-and-desist letters that were…

A bill that would give cannabis businesses access to financial services was recently reintroduced in the U.S. House of Representatives and Senate. The Secure and Fair Enforcement (SAFE) Banking Act, which has bipartisan support, was passed in the House multiple times and could be voted on in the Senate this year, CNBC reported April 27. Federal…

We have seen few changes in the Property & Casualty (P&C) marketplace from Q1 through Q2 of 2023, however, the broader picture is becoming clearer now that 2022 year-end financial filings are available. According to ALIRT Insurance Research, the discrepancy between Personal and Commercial Lines Composite underwriting is historically wide. Namely, the Personal Lines Composite combined ratio of 109 percent…

State officials in Arizona are sounding the alarm over the number of children who have accidentally ingested marijuana products in the past year. According to new state data, 394 cannabis incidents involving children were reported in 2022, about 60% of which required a hospital visit, KOLD News 13 reported. The problem has prompted the Arizona Dispensaries Association and the Arizona…

The U.S. cannabis market is rapidly expanding with more states legalizing recreational use and an array of new products being produced every year. Rhode Island became the 19th state to legalize safely regulating recreational adult-use cannabis in May 2022. Several states such as Alabama, Arkansas, Florida and Pennsylvania have legalized cannabis for medical use only. Cannabis has been legal in…

During this webinar, our experts explore the state of the cannabis insurance market in the U.S. and Canada. Featuring: Jason Scheurle, National Product Leader, Cannabis, Burns & Wilcox, Philadelphia, PA Emily McDaniel, Broker, Commercial Insurance, Burns & Wilcox, Denver, CO Leena Malik, Senior Underwriter, Commercial Insurance, Burns & Wilcox Canada, Toronto, ON Cooper O\'Connor, Senior Broker, Professional Liability, Burns &…

In a growing number of communities around the U.S., new cannabis lounges are offering a social setting where guests can openly use marijuana products. Colorado and New Mexico both saw their first cannabis lounges open in April, Michigan’s first marijuana lounge is set to open this summer, and officials in Nevada are currently discussing how the recently-approved class of businesses…

A massive fire at a QVC warehouse in Rocky Mount, North Carolina, on Dec. 19 destroyed 75% of the 1.5 million-square-foot facility and killed one worker, according to news reports. The five-alarm blaze rendered the site inoperable and has reportedly prompted the company, a major employer in the area, to plan to lay off all of its more than 1,900…

Legal cannabis sales in the U.S. could exceed $30 billion by 2022, marijuana analytics company Headset recently projected in an updated long-term forecast. It is an increase in estimated sales from the Seattle-based firm’s previous report, released in April, that showed the U.S. market reaching $28 billion in yearly sales by 2022. The change reflects new recreational or medical marijuana…