There are many different types of insurance coverage for your business. Three of the main ones include general liability insurance, product liability insurance and commercial property insurance. The type of dispensary business insurance you take depends on a variety of factors. Basically, those who are in the marijuana industry have to take cover for all the different types of insurance that is available for them. This is because they need insurance to cover all the different aspects of their business. For example, when they take general liability insurance, they can get cover against claims and lawsuits that arise due to damage or injury caused to patients or customers within the dispensary. Product liability insurance covers costs that arise out of damage caused by defective products. This can include any product that was sold by the dispensary and it can also include infused products and edibles. The commercial property insurance is another type of necessary dispensary business insurance that business owners must obtain. With this type of insurance, they can insure their investment that they have within the property. In the case of a dispensary business, the insurance will provide coverage for finished products. It will also cover expenses related to improvements of the building.
If you are wondering how to open a medical cannabis business, then take our cannabis business workshop at California college for cannabis, in San Diego, Pasadena and Sacramento; Our attorneys and industry leading network of professionals will be hosting a to go over all aspects of cannabis business licensing, start-up and operation.
At 420 College – it all begins with helping YOU to understand what is proper, lawful and appropriate!
Our hands on medical cannabis business start-up seminars or one-on-one consultations are perfect way to get started!
You get an intense 2 days of advanced information about how to start and operate a medical cannabis business in California. Find out how 420 College 2 DAY seminars can help you in your business, click here.