insurance cannabis industry

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

Medical cannabis research gets boost in Connecticut

Medical cannabis research gets boost in Connecticut

Two medical institutions in Connecticut have received the go-ahead to research the healing properties of cannabis, news that can potentially bolster the MMJ industry’s credibility.

Connecticut Hospice Inc. in Branford, the nation’s first hospice, announced Monday it will research how marijuana can alleviate pain and stimulate appetites in terminally ill patients, according to the Associated Press. Read More