The cannabis industry is booming right now. If you have a cannabis manufacturing company, you need to protect your profit and assets. The best way is through the appropriate insurance coverage. Why do you need coverage for cannabis manufacturers?
Every Company Needs Protection
When you own a business, you need general liability insurance. General liability covers any condition that could cause harm to customers, staff or employees. In the hemp industry, you need general liability like every other company.
Defective Products Can Happen
No matter the product, every manufacturing company deals with defective products. The cannabis industry is no different in this case. Your product’s purity is crucial. If there are any issues with the THC percentage, such as too much THC, and a customer has a negative reaction, then you could be liable.
Marketers Can Mislead Customers
While CBD oil and cannabis help treat an assortment of medical ailments, some marketers sell the products too hard. They may market cannabis as a cure-all. If you want to ensure that you don’t get into trouble for misleading marketing, you need to make sure that all of your claims can be backed up by scientific studies.
Lawsuits and other problems can cost your business your profit. To avoid losses, you need adequate insurance coverage.