Since New York State legalized the use of recreational marijuana this spring, there is already a major rush to get in on what has the potential to be a $4+ billion industry. Entrepreneurs, brokers, and investors are already discussing storefront leases for marijuana dispensaries, and the board that will oversee recreational marijuana in the Empire State has not yet even been officially appointed. As a marijuana business owner, and when time is of the essence with so much up in the air, gaining as much information as possible about cannabis business operations is critical. Here at

With the legalization of adult-use cannabis in the state of New York, more and more dispensaries are expected to come to market. Marijuana dispensaries will pop up all over the Empire State, and one of the main question-mark areas these entrepreneurs will encounter is: what about marijuana business insurance? When Governor Andrew Cuomo signed the bill into law at the end of March, we just didn’t know that much about adult-use cannabis laws and business practices. The truth is: we still don’t—they’re still relatively new concepts. Cannabis insurance is another area still under development, as much

At the end of March, New York State became the 15th state to legalize adult-use cannabis, with the passing of an amended version of the Marihuana Regulation and Taxation Act, SB S854A. Governor Andrew Cuomo signed the bill into law just 12 hours after the legislation was approved by New York lawmakers, and said that this bill would “right the wrongs of the past by putting an end to harsh prison sentences, [embrace] an industry that will grow with the Empire State’s economy, and [prioritize] marginalized communities so those that have suffered the most will be