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Why cannabis operators can't ignore

insurance in the era of climate change

Photo courtesy of  National Oceanic and Atmospheric Administration

Many business owners are thinking about climate change as they reflect on a historic 2024 hurricane season and anticipate what a second Trump administration might mean for environmental and business regulation.

It's an especially acute subject for cannabis license holders - particularly those who operate plant-touching businesses such as cultivation facilities and medical marijuana dispensaries or adult-use stores.

Insurance is mandatory for a cannabis business, but all too often it still slips through the cracks - especially when insurance policies are as difficult to obtain as investment funding, payroll services and other financial products standard in other industries.

As we've seen time and time again working with Colorado cannabis business owners, writes MJBizDaily guest columnist Alyson Jaen, filing a claim is a terrible time to realize your insurance coverage is lacking.

Of course, the potential for climate-related insurance claims is higher every year. Read story >

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Big-picture view of global cannabis markets

E U R O P E

What will Germany's election outcome mean for cannabis industry?

Photo by katatonia/stock.adobe.com

Conservative leader Friedrich Merz's election victory in Germany could result in a potential slowdown or reversal of the European Union nation's recent cannabis reform as his party has previously opposed legalization efforts.

Merz has said the new policies, which allow adults to possess up to 25 grams of cannabis and grow three plants per household, have led to an increase in drug-related crime.

But Niklas Kouparanis, co-founder and CEO of Frankfurt-based Bloomwell Group, said that while a different outcome would have provided more stability for the cannabis industry, Merz, who aims to lead as chancellor, and current Chancellor Olaf Scholz have said forming a government is urgent.

Merz's win likely will result in a coalition between his Christian Democratic Union and the defeated, left-leaning Social Democratic Party. Read story >

C A N A D A

High Tide rethinking

acquisition of EU

cannabis operator

Photo by hunterpic2013/stock.adobe.com

Canada-based cannabis retailer High Tide is stepping back from its deal with Purecan GmbH to enter Germany's medical marijuana market.

The Calgary, Alberta-headquartered company planned to acquire a 51% interest in Purecan in a cash-and-stock deal for 4.8 million euros ($4.9 million) but, after conducting its due diligence, is now reconsidering what the best deal structure is.

Although High Tide said it is exploring alternative arrangements with Purecan, there is no guarantee that a deal between the two companies will move forward.

High Tide announced the proposed acquisition on Jan. 13.

Frankfurt-based Purecan is a profitable cannabis importer in Germany. Read story >

More Headlines

• Medical marijuana registries show steep decline after launch of adult-use sales. Read story >
• Cannabis MSO Jushi benefiting from little-used IRS tax-credit program. Read story >
• California bill would derail planned marijuana tax increase of up to 25%. Read story >
• Trump research cuts threaten cannabis studies, pose rescheduling questions. Read story >

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