Gain insights into cannabis laws, risk mitigation, and insurance challenges in this essential overview.
Cannabis businesses face unique challenges when implementing policies, procedures, and protections to mitigate risk. Insurers, too, may recognize the shared objectives with cannabis businesses but struggle to determine how to provide coverage for cannabis businesses under federal law as it presently stands. Given the complex and frequently changing patchwork of cannabis laws in the United States, this presentation will provide helpful guidance whether you're new to these issues or an experienced cannabis practitioner. Tune in for a helpful overview of the legal framework applicable to cannabis businesses at the state and federal level, as well as a discussion of the insurance considerations these businesses should take into account. Finally, the presentation will go over potential changes and predictions for what the industry may experience in the year ahead.
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Current Legal Landscape
- Context and Introductions: 37 States Legalized, Rescheduling, etc.
- Insurance Companies Can Only Provide Coverage in States Where Cannabis Is Legal (Med or Rec)
- Of Treasury FinCEN Memorandum and the Safe Banking Act and Claim Act
Cannabis Business Risks (and How to Limit Them)
- Cannabis Businesses Must Examine Every Facet of Their Business Operations to Understand Their Full Scope of Insurance Needs (for General Businesses and Specific to Cannabis Operations)
- Limiting Risk: Basic Tools and Advanced Steps to Limit Legal Risks
Insurance Coverage for Marijuana-Related Businesses
- Majority of Insurers and Brokers Currently Servicing the Rec Marijuana Businesses Are Surplus Lines Carriers
- Application Process: Cannabis Businesses Have to Address Additional, Industry-Specific Issues in Their Process of Applying for Insurance Coverage
Expectations and Anticipations of 2025
- Profitability: Margins Will Shrink, and Insurance Can Help Protect Profits
- Vitality: This Industry Will Continue to Grow and Mature; Benefits Will Need to Keep Pace
- Resiliency: Climate Change and Unusual Weather Patterns Are Important to Cannabis Businesses Throughout Their Entire Supply Chain
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on March 27, 2025.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.25
- Alaska attorneys may receive 1.25 hours of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.5
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.5 hours credit.
- AR CLE 1.25
- This course has been approved for 1.25 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.25
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.25 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.25
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.25 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- HI CLE 1.25
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.25 CLE credit hours.
- IL CLE 1.25
- This course was approved for a total of 1.25 hours of MCLE Credit by the Illinois MCLE Board.
- IN CLE 1.5
- This program has been approved by the Indiana Commission on Continuing Legal Education. Participating attorneys are eligible to receive up to 1.5 hours of Distance Education credit.
- MO CLE 1.8
- This course qualifies for self-study CLE credit in Missouri.
- ND CLE 1.25
- North Dakota CLE policy does not allow for pre-approval of any self-study courses. This course may qualify for up to 1.25 hours of CLE credit.
- NH MCLE 1.4
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 89 Minutes.
- NJ CLE 1.8
- This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.8 hours of total CLE credit.
- NM CLE 1.4
- This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.4 hours of credit.
- NV CLE 1.5
- This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
- NY CLE 1.5 including Areas of Professional Practice 1.5
- This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.5 credit hours in the area(s) of Areas of Professional Practice for 1.50 hours. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Education- Noggin Guru, Inc. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
- PA CLE 1.0
- This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
- RI CLE 1.5
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
- TN CLE 1.48
- This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.48 hours of credit.
- WI CLE 1.5
- This program qualifies for 1.5 hour(s) of ondemand CLE through the WI Board of Bar Examiners.
- WV MCLE 1.8
- This program has been approved by the West Virginia State Bar MCLE Commission for 1.8 MCLE hours.
- NALA 1.48
- This program is applicable for continuing legal assistant education credit. Please check with your accrediting board to see if this course will qualify towards your recertification requirements.
Program Length: 1.48 hour(s).
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
- AK CLE 1.5
- Arizona CLE 1.5
- CA MCLE 1.5
- CT CLE 1.5
- HI CLE 1.5
- MO CLE 1.8
- NM CLE 1.5
- VT CLE 1.5
- WA CLE 1.5
- WV MCLE 1.8
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Lydia F. Reback
Ice Miller LLP
Lydia Reback
- Associate in Ice Miller’s Litigation Group
- Concentrates on representing clients in dynamic industries, providing thorough support through every stage of litigation
- Represents clients in a range of traditional and non–traditional business disputes, class and collective actions, multidistrict litigation and government contracts and compliance
- Admitted to various bars in Illinois and Ohio
- J.D. Degree, Ohio State University Moritz College of Law (cum laude) ; B.A. Degree, Smith College
Nicholas Reuhs
Ice Miller LLP
Nick Reuhs
- Partner and the Vice–Chair of Ice Miller’s Litigation Group
- Concentrates practice on insurance coverage disputes, risk management, legal ethics, and general business litigation
- Insurance coverage litigation and counseling
- Business Litigation
- Risk Management and Regulatory Compliance
- Data Security and Privacy
- Legal Ethics and Professional Liability
- Admitted to practice in the state of Indiana, the Commonwealth of Virginia, and the District of Columbia, as well as the U.S. District Courts for the Eastern District of Virginia, the District of Columbia, the Northern and Southern Districts of Indiana and the District of Maryland
- Also admitted to the U.S. Court of Appeals for the Fourth Circuit and the U.S. Court of Appeals for the D.C. Circuit
- Received Juris Doctor with honors from the University of Maryland School of Law
- Received a Bachelor of Arts in economics from Indiana University
- Prior to joining the firm, was an attorney in the Washington, D.C. office of a national firm
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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