Cannabis businesses impacted by COVID-19 may be able to recover some of their losses – if they had business interruption and contingent business interruption insurance. In a recent article written for Green Entrepreneur, Gary Smith explains these policies and the possible protection from financial loss they can provide.
However, as Gary describes, protection depends on what policy and riders were purchased. He outlines a number of items that may be covered, as well as additional disease-related coverage riders some insurers offer. He also shares additional steps companies can take to protect their businesses.
One of Arizona’s leading cannabis attorneys, Gary is the founder and current president of the Arizona Cannabis Bar Association. His practice centers on assisting his clients in navigating the cannabis industry’s complex legal landscape, including providing counsel on commercial leases.