Why Does My Cannabis Insurance Cost So Much?
Sticker shock? You’re not alone. Many cannabis businesses are wondering why their insurance costs are so sky-high. The answer isn’t simple—but there are ways to take control and manage the cost of cannabis insurance. If you own or manage a cannabis business, you’ve probably noticed how expensive commercial insurance can be. You’re not alone—many cannabis […]
Here’s How to Find the Right Insurance Partner for Your Cannabis Business Without the Guesswork
With so many insurance agents claiming to be “cannabis specialists,” how do you know if you’re working with someone who truly understands your business and its unique risks? Here’s what to look for: Industry Commitment: Is your insurance partner genuinely invested in the cannabis industry? Do they advocate for its growth and understand the specific […]
Who are the Best Cannabis Insurers in Michigan?
As the cannabis industry continues to grow in Michigan, many business owners are asking an important question: Who are the best cannabis insurers in the state? At Spire Insurance Solutions, we believe in providing honest, educational information to our clients and potential customers – even when it comes to discussing other insurance options in the […]
What are Michigan’s Attestation Forms for Cannabis Businesses?
Growing a successful business in the cannabis industry can be a challenge because your focus is essential in many different areas. Whether it is a product, marketing and sales, supply chain and logistics, day-to-day operations, employees, safety and security, and compliance with regulations and insurance. Of course, properly insuring your business is important, recognizing the […]
Social Engineering Attacks on the Rise- Don’t be a Victim!
First of all, what is a social engineering attack? Social engineering can be summarized as an act of manipulation, to trick someone into sharing sensitive information or unwillingly downloading malicious software. Social engineering attacks are incredibly successful, as they prey on one’s inherent trust in others. Regardless of the method, the common theme of these attacks […]
OSHA Electronic Reports Are Due March 2! What Businesses Need to Know
What should Cannabis companies look for in an insuranOSHA Electronic Reports Are Due March 2!ce provider? Each year, the Occupational Safety and Health Administration (OSHA) requires certain employers to submit information from their OSHA Form 300A electronically. Affected employers must submit their reports using OSHA’s Injury Tracking Application (ITA). Affected establishments include: Establishments with 250 or more employees, if they […]
Are Your Product Liability Limits Enough?
Have you wondered if product recalls actually happen in cannabis? Well, in Michigan, the Marijuana Regulatory Agency recently issued a recall for several products due to unreliable test results. This recall could be impacting over 400 sales locations throughout the state in what may be the largest cannabis recall in Michigan’s short history. While an MRA investigation is […]
What Are “Gram Shop” Laws in Michigan?
Public Act 55 of 2021 was approved by the governor and filed with the Secretary of State on July 13, 2021. Director Andrew Brisbo of the Michigan Marijuana Regulatory Agency (MRA) communicated details of this amendment to the Michigan Regulation and Taxation of Marijuana Act (MRTMA) in the Advisory Bulletin found here. This amendment adds section 11a, which prohibits licensees […]
8 Reasons Why Your Cannabis Business Needs Cyber Insurance
So, you most likely are wondering now “Why does my cannabis business even need cyber liability policy?” Great question! In short, small and medium-sized businesses are vulnerable targets and statistics show they have become the global favorite for cyber criminals. The odds of a cyber breach against a business are continuing to rise due to the […]
Tips for Finding the Right Cannabis Business Insurance
It is no secret that the cannabis industry is booming! The United States legal cannabis market is projected to double in size to $41.5 billion by 2025 according to a recent New Frontier Data report. Only four states have no laws relating to legal marijuana use — Idaho, Kansas, Nebraska and South Dakota, according to the National […]