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I see that Illinois will become the 11th state to legalize recreational cannabis use. Can you provide some details about what this means for Illinois residents? I see that Illinois will become the 11th state to legalize recreational cannabis use. Can you provide some details about what this means for Illinois residents?
Thank you very much for submitting your question. Yes, Illinois is just a signature away from officially being the 11th state to legalize cannabis for adult recreational use (and the crowd goes wild)! Both the Illinois House and Senate approved the Cannabis Regulation and Tax Act, May 31, 2019, and ... more
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My company makes and sells CBD and Hemp products online, can we get coverage and what types of insurance might we need? My company makes and sells CBD and Hemp products online, can we get coverage and what types of insurance might we need?
Yes. Of course, this depends on a number of characteristics pertaining specifically to your business that would come into play during the risk evaluation and underwriting processes, but for all intents and purposes, coverage is certainly available for companies in your line of work.
T... more
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Can you provide some kind of cannabis insurance to protect me in case the feds raid my grow? Can you provide some kind of cannabis insurance to protect me in case the feds raid my grow?
Hello Anonymous,
Great question and thanks for reaching out. Grow operations have a consinderable amount of risk. We've placed coverage for our clients greenhouses, lighting equipment even theft coverage of the plants. A common coverage question is what if the air unit/temp control equipment brea... more
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I'm a landlord and will have new tenants operating in the cannabis business. Can I get insurance? I'm a landlord and will have new tenants operating in the cannabis business. Can I get insurance?
Yes. This is a common issue that landlords with cannabis-related tenants face. Although standard insurance carriers will not insure these types of risks (and their policies often contain exlusions for this type of activity), there are a number of specialty carriers that provide coverag... more
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Does Nine Point act as a co-employer or do you just do HR consulting? Does Nine Point act as a co-employer or do you just do HR consulting?
Nine Point is not act as a co-employer and provides independent consulting for Human Resources, Safety and Risk Mitigation and/or Risk Transfer (insurance). To better understand our services, please reach out to me at ryan@strattonagency.com and I would be happy to answer any question you h... more
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