Sep 25, 2018
Larry Mason, a Goldberg Segalla partner, discusses insurance coverage for the various segments of the cannabis industry. Larry explains how the current regulatory environment has caused insurers to cautiously expand risk offerings to cannabis-related businesses. Larry then discusses judicial conflicts emanating from cannabis coverage. In particular, Larry analyzes the recent decision in K.V.G. Properties, Inc. v. Westfield Insurance Co., 900 F.3d 818 (6th Cir. 2018), which discussed the applicability of a criminal acts exclusion to a cannabis cultivation business. Larry concludes by identifying key considerations for insurers and businesses seeking to operate in the cannabis industry.