Will Recognition of Cannabis as ‘Essential Business’ Change the Insurance Landscape for the Industry?

  • In California, for example, the pre-COVID crisis average inventory carry levels were roughly 4.7 weeks (meaning the average retailer had about 4.7 weeks of inventory on hand), according to Seattle, Wash-based research firm Headset.
  • By last week, this had decreased to only about 3.3 weeks supply, according to the research firm.
  • In Canada inventory levels also rapidly declined, with average inventory coverage at about 5.8 weeks pre-crisis and 3.1 last week, according to the research firm.
  • It’s a whole other thing in a time of crisis to see state after state declaring medical cannabis as essential.

Read full article: insurancejournal.com