Above the Law report

A federal court in Colorado just came down with an important cannabis insurance ruling in the case of Green Earth Wellness Center, LLC v. Atain Speciality Insurance CompanyThe case involves a  It’s important to note that I’m not talking about a cannabis company seeking coverage on a general liability insurance policy for something like a slip-and-fall or for damage to grow lights. To the contrary, this case is a big deal because Colorado Federal District Court Chief Judge Marcia S. Krueger ruled on a summary judgment motion that the actual inventory itself (i.e., the cannabis) is insurable under a general liability insurance policy.

Full Report http://abovethelaw.com/2016/02/bad-faith-marijuana-inventory-is-insurable-for-now/?utm_source=hs_email&utm_medium=email&utm_content=26799257&_hsenc=p2ANqtz-8PkJvuDCTi1v7Q2QMxWzvv_yN2uBBENSZ7L5zsUtLzwT068aOuXuayPdp-AnPKr3NwY8-N6UyZf_O0Jw2Z5ISsQrjisA&_hsmi=26799257

The-Green-Earth-Wellness-Center-LLC-v.-Atain-Specialty-Insurance-Company-No.-13-cv-03452-MSK-NYW-2016-WL-632357-D.-Colorado-Feb.-17-2016