Published by NCIA’s Risk Management & Insurance Committee (RMIC) 2024 is shaping up to be a bang-up year for cannabis whether its constant news about the potential for federal action regarding rescheduling, or multiple states expanding their current cannabis markets or entering the cannabis space for the first time. As... Read more
So, you run a cannabis business. You’ve spent years and years going through the licensing process, finding a suitable facility, hiring qualified employees, and growing top shelf buds to impress sophisticated buyers. It hasn’t been easy – and it hasn’t been cheap. But that feeling you get when you... Read more
In recent months, the National Cannabis Industry Association (NCIA) has embarked on a transformative journey, bringing together industry leaders, regulators, policymakers, and advocates for a series of Stakeholder Summits across the United States. From the sun-drenched streets of California to the bustling cities of Maryland and the picturesque landscapes... Read more
Amazon’s “Hemp” Products Are Lying to You (and Hurting the Industry), New CBD Oracle Lab Study Finds TL;DR: A CBD Oracle investigation finds that 43% of hemp products sold on Amazon often don’t contain hemp at all, and are deceptively marketed to evade Amazon’s lax enforcement. The independent investigation... Read more
Regulating the Cannabis Industry for Accuracy and Integrity In the fast-evolving landscape of the cannabis industry, ensuring accurate testing standards is paramount to safeguarding consumer safety, maintaining regulatory compliance, and fostering fair market competition. However, a pervasive challenge known as cannabinoid inflation threatens to undermine these essential principles, posing... Read more
In just over 200 days, people across the country will head to the ballot box to make their voices heard. As you take the time to consider the issues that matter the most to you and which candidates best align with those values, NCIA is here to help with... Read more
Small businesses — from startup to $20 million — face challenges when it comes to hiring accounting and finance staff. In addition to the budget-breaking cost of an in-house finance team, it’s not easy to find, train and manage the right people within the day-to-day of a growing business.... Read more
The cannabis industry is experiencing rapid growth, bringing with it unique risks and regulatory challenges, especially in protecting employees. Recognizing the complexities of this industry is crucial for developing comprehensive insurance solutions, particularly in workers’ compensation. This blog explores strategies and insights tailored to navigate the intricacies of cannabis-related... Read more
Navigating Challenges in the Cannabis Industry The cannabis industry finds itself constantly grappling with challenges imposed by federal regulations and government scrutiny. Despite these obstacles, there are numerous strategies available to businesses within this sector that can mitigate fixed costs, save money, and preserve valuable staff positions. Delivering Tangible... Read more
The cannabis industry finds itself constantly grappling with challenges imposed by federal regulations and government scrutiny. Despite these obstacles, there are numerous strategies available to businesses within this sector that can mitigate fixed costs, save money, and preserve valuable staff positions. In today’s rapidly evolving landscape, the integration of... Read more