What should MMJ entrepreneurs expect from their insurance agent? Besides providing the correct coverages for one’s business, a dedicated insurance professional can deliver other services that support your goal of obtaining an ADHS dispensary license.
For example: to help prospective dispensary owners finalize their applications, agents can provide them with quotes for all pieces of the business: General Liability, Professional Liability, Property (to include Crop [...]
According to ADHS Director Will Humble, the most important name in your application will be that of the medical director. This is because Mr. Humble sees the long-term success of Prop 203 depending more upon the actions of the medical community than any other factor.
With those thoughts in mind, choosing the right medical director becomes of paramount importance. Unfortunately, however, the [...]
Last Sunday I joined a group of Arizona MMJ industry folks who had the rare privilege of visiting three L.A. area dispensaries. It was an excellent study in contrasts.
Our first stop was The Farmacy, a tidy and tiny (850 sq ft) storefront shop laid out in conventional fashion on the edge of the UCLA campus. [...]
Your medical marijuana dispensary, grow site or infused product facility’s design, interior layout and security measures all affect your insurance costs. Reducing risk by incorporating certain safety and security elements into your site plan(s) will create a safer environment for customers and staff while earning you discount credits from underwriters.
Although referring physicians and dispensary medical directors will each play distinct roles in Arizona’s MMJ industry, they nonetheless share similar professional risks regarding their activities.
Both must be physicians – that is, a “doctor of medicine who holds a valid and existing license to practice medicine” (which under current rules include similarly credentialed osteopaths, [...]
Developing your business plan in anticipation of filing an application with Arizona Department of Health Services ? If so, you’re likely scrambling to find the perfect location(s) for your new Arizona medical marijuana business. Whether you’re seeking a storefront or a warehouse, there are three things about insuring building(s) for dispensaries, grows or [...]
No business should operate without insurance, especially a business in which the owners have invested a lot of money. Bad things happen in business no matter how careful people are. All businesses need appropriate insurance first to pay the legal cost to defend a lawsuit and second to pay the amount of a [...]