Insurance Industry has New Loss Control Measures to Evaluate Risk and Insure the Cannabis Industry
CS Compliance Systems (www.cscomply.com), developers of CannaScore (www.cannascore.net) – the world’s first real-time regulatory compliance auditing program for the cannabis industry, has developed insurance loss control measures for the cannabis industry.
The International Risk Management Institute defines loss control as a risk management technique that seeks to reduce the possibility that a loss will occur and/or reduce the severity of those that do occur.
Unfortunately, from an insurance perspective, the cannabis industry is not mature enough to identify all of the types of potential losses that a Cannabis Related Business (CRB) might experience. Read More
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