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EP. 53: Why Most Small-to Mid-Size Cannabis Operators Shun D&O

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Since cannabis insurance became a thing, directors & officers insurance has been pricey and tough to obtain for cannabis companies. D&O is difficult in most business sectors (See Episode 46, “You’ve Heard it Before, so Here it is Again: D&O is a Tough Pill for Cannabis.”). But cannabis businesses may pay up to 50% more in premiums for D&O. There’s a flip side: A large contingent of companies don’t buy D&O. Small- to mid-size cannabis companies, by and large, don’t want it, an Insurance Journal poll shows. We spoke about this in our latest podcast with Walt Baker, Golden Bear’s vice president of directors and officers liability, and Jon Spratt with Greensite Insurance Services.

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