Offering the legal medical cannabis community a combination of technology, genetics, and branding capacities, Cultivation Technologies, Inc., recently launched its Coachella™ Premium product. Led by Justin Beck, Cultivation Technologies, Inc., emphasizes an approach that is at the forefront of California’s medical Cannabis sector.
Within a fast-evolving regulatory framework, the Marijuana Industry News reported in early 2018 that the California Insurance Commissioner has announced the creation of the state’s first ever California cannabis surety bond program. This initiative reflects a mandate to provide state-legal cannabis companies with the type of commercial insurance coverage needed to support stable business growth.
For a majority of businesses applying for licenses within the Medicinal and Adult-Use Cannabis Regulation and Safety Act, a $5,000 cannabis surety bond is required as a way of demonstrating that operations are in compliance with the cannabis business licensing authority. Included as part of this is a guarantee that compliance violation fines will be paid. Continental Heritage Insurance Company was approved as the first insurer statewide, able to provide such a cannabis surety bond product.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.