One industry observer believes mislabeling claims, false advertising claims, and consumer class actions alleging deceptive business practices, in terms of what’s on the label, such as health claims, will become more common as the industry continues to grow.

It’s still early, but claims experience thus far in the cannabis insurance market is encouraging, according to one leading writer.

“So far, we’re optimistic that we’re going to see that our experience is going to be better than our other lines of business,” said John Donahue, president and CEO of Topa Insurance Co., which offers cannabis products in more than a dozen states.

Click here to read the complete article

Don Jergler ~ InsuranceJournal.com

 

Recent News Articles

Monday March 02

Cannabis And Lou Gehrig’s Disease: Here’s What You Should Know - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

Considering the neuroprotective effects of cannabinoids and the anti-spastic effects of cannabinoids in multiple sclerosis…

1552 hits

Monday March 02

Bill To Legalize Marijuana Sales Officially Passes Vermont House Of Representatives - Cannabis News

in Politics

by Bruce Kennedy - Editor in Chief

The Vermont House of Representatives finalized its approval of a bill to legalize the retail…

1482 hits

Monday March 02

Study reveals antibiotic potential of cannabis compound - Cannabis News

in Science

by Bruce Kennedy - Editor in Chief

A compound made by cannabis plants has been found to wipe out one of the…

1445 hits

Tuesday March 03

Utah’s first marijuana pharmacy opens in Salt Lake City - Cannabis News

in Cannabis News

by Bruce Kennedy - Editor in Chief

Utah’s first medical cannabis pharmacy opened Monday, giving patients a long-awaited legal option for buying…

1478 hits

Tuesday March 03

Cannabis and coronavirus: Here’s what you need to know - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

Given the general hype around CBD, expect to hear outlandish claims about its effect on…

1429 hits