Authorized legal retailers offering medical or adult-use cannabis.
In its unique position of being at the end of the transaction and consumer end of the cannabis business, cannabis dispensaries face an array of challenges, as well as business risks.
Vandalism, break-ins, and robberies are known problems, primarily because criminals know that’s where the product is or where significant, actual cash may be on hand.
Additionally, cyberfraud has become a concern, from fraudulent buyers to data breaches, with criminals stealing and hiding online. A comprehensive cybersecurity and product liability policy can protect a startup dispensary or other cannabis-related businesses (CRBs) from attacks, accidents, or other disasters.
External threats could come from parties who want to obtain cannabis products illegally or those who are opposed to the industry. All retail businesses are vulnerable to fire, vandalism, or unforeseen events that damage property.
Cannabis-related companies must be able to get back on their feet, protect their product and reopen without significant time or business lost.
Finally, should a cannabis retail customer experience a bad reaction to a cannabis product, they could likely file a claim against the retailer where they purchased the product.
A comprehensive, custom cannabis policy can protect a dispensary or other cannabis-related businesses (CRBs) from lawsuits or unforeseen events that could destroy business, dreams, and ambitions.
