The Michigan cannabis insurance brokers at MFE Insurance released a blog about “How Cannabis Edibles Are Quickly Increasing Liability Risks” for manufacturers and sellers.
[ClickPress, Fri Oct 11 2019] The Michigan cannabis insurance brokers at MFE Insurance released a blog discussing cannabis edibles liability risks for manufacturers and sellers. More than $180 million was spent on cannabis-infused food and drinks in California alone in 2016, according to Green Entrepreneur.
Cannabis has been legalized for recreational and medical use in 11 states as of June 2019: Washington, Oregon, Nevada, California, Alaska, Colorado, Illinois, Maine, Vermont, Maine, and Massachusetts. Washington, D.C. has also legalized recreational use of cannabis, and medical marijuana alone is legal in an additional 22 states throughout the U.S. Outside of the U.S., Canada has legalized recreational marijuana use nationwide, with Mexico expected to follow after its Supreme Court ruled prohibition unconstitutional. The dangers associated with consuming cannabis through food differs greatly from smoking it.
The amount of time the product needs to take effect is the first main difference between the two. Edibles take longer while smoking is an instant effect. As far as consumption, cannabis is hidden within the edibles, so consumers may have difficulty finding the quantity of THC in the product which increases their chance of using too much and suffering the adverse reactions. The two products metabolize in your body differently as well. How a product is metabolized can directly affect other types of medications that are being taken simultaneously. Cannabis manufacturers and sellers can face a major lawsuit if their products have harmful effects. The proper amount of protection is essential to prevent a lawsuit from ruining your reputation or cannabis business. Cannabis insurance is one of the best ways to safeguard yourself and your business against certain liability risks.
Speak to the Michigan cannabis insurance brokers at MFE Insurance for more information about cannabis protection and to acquire an insurance package. MFE's experienced insurance dealers can advise you on the best policies for your state and business needs and create a customized insurance package that provides you with comprehensive coverage. To discuss your dispensary's insurance needs, contact the agency at 313-395-1855 or online at https://www.mfeinsurance.com/. The MFE Insurance Michigan office is located at 19 Clifford St, 6th Floor, Detroit, MI 48226.