Do You Need Cannabis Insurance?
Insurance for Colorado Dispensaries Cannabis is big business in Colorado. In 2020, the state’s 572 licensed dispensaries generated $1.2 billion in revenue. About one third of those sales occurred in Denver alone, accounting for nearly 6 percent of the city’s overall fund revenue. Recreational marijuana sales are heavily taxed and strictly regulated. Dispensary owners are expected to be well versed in current cannabis laws, especially those related to security, public consumption, allowable amounts, and legal age. Unfortunately, adhering to these strict regulations does not always protect marijuana retailers from legal recourse, especially from their customers. For example, if a customer purchased a product...Continue reading