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Cannabis Industry NewsEducationFrom Our WritersInsuranceReal Estate

National Underwriter Company Launches Cannabis Insurance Specialist Program

terry roston

The National Underwriter Company, an ALM business, is launching the Cannabis Insurance Coverage Specialist (CICS) programone of the first certifications for insurance agents and brokers, risk managers, and other professionals who advise cannabis-related businesses.

The program was created by ALM’s experts and thought leaders in conjunction with insurance, legal, and cannabis industry experts.

Molly Miller, ALM’s chief content officer, said the “courses will focus on providing an in-depth look at the challenges and opportunities businesses face daily.”

“We wanted to create a forward-thinking certification that would benefit professionals serving the cannabis industry, as well as growers, suppliers, manufacturers, dispensaries and others who are a critical aspect of this still evolving industry.”Miller in a press release

The first course in the program, Cannabis Insurance 101, will include such topics as risk management, real estate issues, product liability and claims, cannabis issues for business advisorsincluding financial services professionals and attorneysand medical and health issues surrounding the use of cannabis, including workers’ compensation and employment law concerns.

The Cannabis Insurance 101 program has been approved for continuing education credits in Arizona, Illinois, Ohio, and Washington state, and is pending in California, Colorado, Nevada, New York, and Oregon.

Kieran J. O’Rourke, vice president and director of underwriting for Cannasure Insurance Services, a subsidiary of One80 Intermediaries, said in a statement that the cannabis industry faces “many of the same daily issues as other enterprises, but with some unique challenges” due to cannabis federal Schedule I status.

“Educating the insurance industry about these unique risks allows carriers to better serve these expanding businesses,” he said.

Underground Dispensary
Author: TG Branfalt

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Cannabis Industry NewsColorado Cannabis NewsFrom Our WritersHemp Industry NewsReal Estate

Affordable Housing Project to be Built Using Hemp-based Materials

terry roston

Vancouver, British Columbia, Canada-based Global Hemp Group Inc has acquired 664 acres of land in Hayden, Colorado to build affordable housing with hemp-based materials over the next 25 years. It is the third land purchase by the company this year, bringing its total to about 874 acres.

The project is called the Colorado Hemp Agro-Industrial Zone project.

The land will be used first to grow hemp before the housing project begins. The company will first showcase the hemp-material homes on a 44-acre site.

“This vertically integrated project contemplates the beneficial use of substantial existing water resources to irrigate and cultivate industrial hemp, process and utilize hemp in the on-site manufacturing of green renewable construction products and finally build affordable carbon neutral/carbon negative housing.”Global Hemp Group in a press release

Town Manager Matt Mendisco told the Craig Daily Press that the project is part of the town’s “master plan” to attract businesses as it anticipates the closing of the Hayden Station by 2028 and the loss of tax revenue that will come with it.

“We are fortunate because our master plan is really, really clear about how that area is to develop,” Mendisco told the Daily Press. “We have provided documents to them, and they’re very aware of it.”

Mendicso added that the project also fits into the town’s tradition of agriculture.

“It is not farming wheat or raising cattle, but it is still agriculture,” Mendisco said in the report. “I think, done right and partnered with the community correctly, they could be very successful, and that could provide a lot of jobs.”

Underground Dispensary
Author: TG Branfalt

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