Federal law keeps the cannabis industry from flourishing. Aside from a lack of banking, cannabis businesses are also prohibited from being fully insured, thus making them extremely vulnerable. In California, however, the last year-and-a-half has seen a wave of insurance providers writing coverage for the industry. At the end of last month, Golden Bear Insurance Co. was approved to lower existing insurance rates, bolster coverage options, and expand the types of business they will cover.
“We’re moving in a positive direction,” Commissioner Jones told High Times in an interview. “It demonstrates that there’s a market for this coverage and that it’s necessary.”
Golden Bear also now provides equipment breakdown coverage. So, if there’s a loss of inventory and income caused by the failure of refrigeration, manufacturing, or other equipment necessary for processing and maintaining cannabis and its products, Golden Bear will likely provide coverage.
“The insurance covers the equipment that’s integral to the business’ operations.”
Last November, the Stockton-based company became the first commercial insurer to offer protections for the California cannabis industry. The other type coverage plans offered are general liability, products insurance, and property coverage. These plans extent to cultivators, manufacturers, and retailers. Some policies will even cover crime.
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Marijuana concentrates are the fastest growing product category in the cannabis industry, according to data released by Arcview Market Research on Tuesday. Projections for legal cannabis sales in the United States were produced in conjunction with BDS Analytics and are contained in the report “Concentrates: The Hottest Product Category in Cannabis.”
According to the data from Arcview, consumer sales of cannabis concentrates will grow by 49 percent in the second half of 2018, reaching a total of $2.9 billion. The research firm expects concentrates to be the second most popular cannabis product category with consumers after marijuana flower.
Dr. Markus Roggen, the vice president for extraction at OutCo Labs near San Diego, California, told High Times via email that the variety of concentrates available offer many new alternatives for cannabis consumers.
“Concentrates are the obvious future of cannabis because they allow for novel products such as oils, sauce, live rosin, tinctures, edibles, and topicals, which new consumers are more comfortable with than flower, as [it] removes the classic ‘stoner’ image from cannabis consumption,” said Roggen.
Legalization Leads to Innovation
Roggen noted that many firms are committing resources to further innovation in the production of cannabis concentrates.
“The entire industry has been investing heavily in
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CANNABIS CULTURE – Sept 15th and 16th saw the Grassroots Expo happening in downtown Vancouver at SFU Harbour Centre, put on by the good people at the Georgia Straight with Aurora listed as a *Co-Presenter and Groundwork, some of the other sponsors included Tweed, Crop King Seeds, Weeds Glass and Gifts, Kwanten Polytechnic University, Choom, Mackie Research Capital Corporation, to name a few.
The Grassroots Expo is geared towards the Cannabis Curious as it’s billed for the event, the general theme is a place for people to come learn about a wide variety of subjects pertaining to marijuana, The Collage of the Rockies was there promoting their online cannabis training series, for a person to learn more about becoming a cannabis retail specialist, a 26 week online study with the goal of becoming a licensed cannabis distributer with a wide ranging curriculum covering
-History of Cannabis
-Cannabis distribution centre practicum
and more, this with a hefty $3,990 price tag.
My good friend Chris Bennett was there promoting his new book Liber 420, Cannabis Magickal Herbs and the Occult and the fine folks from Weeds Glass and Giftshad two tables set up, Crop King Seeds was also on hand with 2 large displays, those guys always go all out.
But this wasn’t
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Kristen Bell might possess a look of innocence, but apparently, she has quite the party side.
In a recent episode of comedian Marc Maron’s podcast, “WTF With Marc Maron” the 38-year-old actress revealed her love for cannabis, as well as a few other drugs she’d like to get her hands on.
It appears all of that quality vacation time with Aldous Snow has seriously rubbed off on the Forgetting Sarah Marshall actress.
Kristen Bell Loves the Ganj
Bell, on the latest episode of the podcast, said that weed remains her ‘drug’ of preference. The Veronica Mars alumni says she even smokes in front of her husband, Dax Shepard, despite the fact he’s been sober for over 14 years.
Bell claims he’s totally fine with her toking up in front of him, which isn’t necessarily surprising, considering the willpower it requires to achieve 14 years of sobriety in the first place.
“I like my vape pen quite a bit. I smoke around my husband and it doesn’t seem to bother him,” Bell began. “Weed rules. Weed is my drug of choice, for sure.”
Unfortunately for Bell, a mother of two young girls, getting a chance to relax and smoke up isn’t always a
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CANNABIS CULTURE – Born and raised in Prince George’s County, Maryland, Hope Wiseman is passionate about her community. A graduate of Spelman College, where she received a Bachelor’s in Economics. She is now a trailblazer for women of color wanting to enter the emerging market of medical cannabis.
This passion has now bloomed into here latest venture, dispensary Mary & Main.
Hope cites her time as co-founder of her Alma Mater’s Habitat for Humanity chapter as some of the most educational and inspiring opportunities she encountered on her road to entrepreneurship. After spending a year at SunTrust as an Equity Institutional Sales Analyst, Hope decided to continue striving for excellence by pursuing her dreams of entrepreneurship. With her financial and banking background, Hope founded Mary and Main (formerly Compassionate Herbal Alternative) on the foundation of her vision to create opportunity for minorities who have been disproportionately affected by the war on drugs.
Hope holds personally the core values of Mary & Main, making it her mission to provide quality products to her community while offering a comfortable experience to patients who suffer from chronic debilitating illnesses.
But, what IS Mary and Main? Passionate Pioneers Against Negative Stigma
Cannabis has been
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