Legal representation in disputes with insurers has become paramount for cannabis companies in an ever-expanding operational environment. Cannabis companies may seek to insure against risk of loss as a result of challenges such as unexpected fires, crop protection, business interruption, or adverse consumer reactions to products. In many instances, cannabis companies are even required to insure against such losses in connection with obtaining and maintaining a marijuana license.
Since 2010, we have helped cannabis businesses navigate rapidly evolving cannabis regulation and policy, and our cannabis insurance coverage attorneys advise clients on what coverage, if any, may be available for a particular loss. Insurance policies are often drafted with myriad conditions that govern (and provide exclusions to) coverage. If you have suffered a loss, coverage attorneys can review your insurance program and advise which coverages may apply, as well as which coverages may not. Coverage attorneys can also help you navigate the procedural tricks that some insurers play – for example, denying a claim by citing the illegality of cannabis possession under federal law – when seeking to avoid their obligations under applicable policies. If you have suffered a loss and you are not sure whether your insurance program should cover