There is no faster growing industry than the Canadian cannabis industry. We are here to share our knowledge and help make the insurance process simple for your cannabis business.
The process of obtaining a cannabis license in Canada is long and complicated, especially with regulations varying between each province and territory. Our goal is to make all information on the varying insurance requirements in each province available in one place. Whether you are just starting out, or looking to expand your cannabis operations across…
As the number of licensed retail cannabis stores across Canada continues to increase, it is important to build a strong customer base. Your interactions with customers matter now more than ever. All it takes is one bad experience for a customer to take their business to another shop down the road. Building customer loyalty requires…
New data released by Health Canada shows that licensed producers added 220,461 kilograms of cannabis to their inventories in October 2020. This inventory is fueled by Canada’s first full year of outdoor cannabis yields, as many producers were still awaiting license approval throughout 2019. This “croptober” harvest has led to an even larger supply/demand imbalance…
Since cannabis was legalized in Canada in October 2018, licensed producers in Alberta have been required to hold no less than $10 million in general liability insurance. The Alberta Gaming, Liquor and Cannabis Commission (AGLC) recently updated their requirements with new minimum limit options for different license classes. The limits for commercial general liability are:…
You’ve decided to apply for your retail cannabis license – now what? You are most likely on the hunt to secure the right location for your business. This is also the time when you will want to start looking at your insurance options. At a minimum, this would include commercial liability (CGL), but depending on…
Canada’s licensed outdoor cannabis cultivation space has increased from 19.9 million square feet at the start of 2020 to 59 million square feet since Health Canada’s latest report in August. Outdoor growing is an attractive option for cannabis businesses since the operating and start-up costs are typically lower than growing in greenhouses or indoor warehouses.…
Cannabis sales have been rising month-over-month this year, accelerating since the COVID-19 pandemic was declared in March. As of July 2020, Alberta has the second highest cannabis sales in Canada, following behind Ontario. By the end of this year, Alberta’s legal cannabis sales are expected to reach $540 million. This reflects the fact that Alberta…
Image rights: Canada Revenue Agency Becoming a licensed producer or other cannabis licensee in Canada can already be a complicated process. Cannabis excise stamps are government-issued stamps that need to be pasted onto cannabis product packages prior to sale in Canada. Excise stamps confirm that the producer has paid the federal excise tax to the…
Ontario residents spent a whopping $313,700,000 on retail cannabis in the first full year of legal operations, according to the Ontario Cannabis Store insights report. While Ontario may be the most populous province, that is not the case when it comes to number of cannabis stores. Fortunately, they are looking to make up ground with…
“To further contain the spread of the novel coronavirus COVID-19, provincial governments across Canada have ordered the mandatory closure of all non-essential businesses and services. One industry that is exempt from the mandatory closures, and therefore deemed essential, is the cannabis industry. All licensed cannabis producers and stores have so far been allowed to remain…