NEW YORK CITY – Real estate operators and insurers are trying to keep up with the quickly evolving cannabis industry as quickly as bills stack in congress for national legalization of cannabis, as well as changes to jargon crucial to operating their businesses compliantly, according to panelists on a Claims Magazine and GlobeSt.com webinar looking at the insurance and real estate implications of cannabis-touching companies, "Legalized Cannabis is Big Business." (Click the hyperlink to listen)
Exposure to government risk is the biggest challenge for cannabis touching companies and as jargon changes to protect municipality interests companies have to adapt their operations to make sure they're in compliance with local and federal law in underwriting real estate and insurance policy.
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