Regulation also posing a barrier

The hard market in property insurance, as well as regulatory and other challenges in the cannabis industry, are adding up to “pretty turbulent times” for cannabis insurance, according to one expert.

“While there’s a lot of optimism around New York, New Jersey and some of the momentum we’re seeing in the new cannabis markets in the East, the legacy markets, or the oldest, most mature markets for cannabis in the West continue to struggle,” said Norman Ives (pictured), cannabis practice le

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