Understanding D&O Insurance for Cannabis Businesses – An Overview by NCIA member Jon Spratt from Greensite

Here’s a great article published yesterday on the NCIA blog by Jon Spratt of Greensite Insurance. In the piece Spratt gives a great overview of the importance of Directors & Officers (D&O) Insurance. If you’re the leader of a cannabis company and aren’t familiar with this type of insurance, it’s probably a good idea to start here.

Member Blog: Understanding D&O Coverage for the Cannabis Industry
Because of the challenging landscape, cannabis organizations have some unique risks they may face while running their businesses including:

  • High investor expectations and limited access to capital
  • The federal status of cannabis
  • Varying trade practices from state to state
  • Lack of bankruptcy protections 
  • Increased merger & acquisition activity 
  • State-by-state licensing requirements
  • Cannabis-specific local, state, and federal tax laws

Read more

If you’re interested in learning more about Apex Trading’s wholesale cannabis business management software and how it can help your company streamline operations and create efficiencies with inventory, order and sales processes, please request a demo by clicking here.

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