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Justice Department Proposes to Reclassify Cannabis as Less Risky Drug

Justice Department Proposes to Reclassify Cannabis as Less Risky Drug

Cannabis could be reclassified from a Schedule I to a Schedule III drug under a new rule recently proposed by the U.S. Justice Department, according to reports. While some experts say it represents a historic shift in policy, the proposed change would not legalize marijuana, but would ease federal restrictions on the substance and put it in the same class…

Potato Chip Maker Sues Cannabis Company Saying Products Look Too Similar

Potato Chip Maker Sues Cannabis Company Saying Products Look Too Similar

The Detroit-based potato chip company Better Made is accusing several cannabis operators of trademark infringement, claiming in a recent lawsuit that marijuana products sold under the brand Better Smoke feature a logo that is too similar to the chipmaker’s and could confuse customers and harm the company’s reputation. According to an April 1 report from Crain\'s Detroit Business, Better Made…

Georgia Becomes First State to Allow Cannabis Sales at Pharmacies

Georgia Becomes First State to Allow Cannabis Sales at Pharmacies

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\"…

Uptick in Cannabis Business Theft Underscores Need for Banking Access

Uptick in Cannabis Business Theft Underscores Need for Banking Access

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…

Cannabis Insurance Market Overview

Cannabis Insurance Market Overview

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…

Trending Intel: July 2022

Trending Intel: July 2022

Below we highlight the top 5 trending intel topics in July 2022.   1. Property & Casualty Overview & Outlook Commercial Property, Cyber Liability and Coastal Properties Watch as our experts discuss the Property & Casualty market as we begin the third quarter of 2022. This panel discussion included insights into…

Cannabis Insurance

Cannabis Insurance

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 &…

Ask the Expert Q&A: Cannabis Insurance

Ask the Expert Q&A: Cannabis Insurance

Varying state regulations and a heightened risk of theft and vandalism are among ongoing challenges in the booming cannabis industry. To learn more about Cannabis Insurance, Crain’s Content Studio spoke with Emily McDaniel, Broker, Commercial Insurance, Burns & Wilcox, Denver, Colorado, and Jason Scheurle, National Product Leader, Cannabis, Burns & Wilcox, based in Philadelphia, PA. What are some of the…

Cannabis Lounges Bring New Risks to Fast-Moving Industry

Cannabis Lounges Bring New Risks to Fast-Moving Industry

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…

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