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  • Post Time Posted June 01, 2018
Arguably the biggest issue among legal marijuana companies in the US is the lack of financial backing and protection from federally regulated institutions like insurance companies and banks. 

In response to solve one of the issues, the Michigan Cannabis Risk and Financial Association (MCRFA) announced on Friday that it will insure all licensed players in the marijuana supply chain with insurance under its “Licensee Patient Protection from Adulterated Marihuana,” product. 

The states marijuana regulator requires all licensed cannabis business to carry liability insurance for up to $100,000. 

Source: https://www.businesswire.com/news/home/20180601005144/en/Medical-Marijuana-Business-Insurance-Michigan-Cannabis-Risk

 

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