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Dispensary’s business losses need to be recalculated: Court – Business Insurance
A California appeals court said Thursday that while a June 2020 burglary at a marijuana dispensary constituted one occurrence under its insurance policy, a trial judge erred when finding the insurer was not required to make an additional payment for business losses.
The First Appellate District said in its published ruling in Apex Solutions Inc. v. Falls Lake Insurance Management Company Inc., that a narrow triable issue exists concerning the proper calculation of Apex’s lost business income.
The three-judge appeals court panel said the trial judge erred by not squarely addressing the parties’ “diametrically opposed” arguments on how to calculate Apex’s business losses stemming from the burglary. The panel pointed out that the judge did not rule on Falls Lake’s objection to the declaration of Apex accountant William Funderburke for hearsay and lack of foundation.
Apex’s Oakland store was burglarized in June 2020 during the civil unrest following the death of George Floyd. The company’s policies from Falls Lake provided $600,000 in coverage per occurrence for property damage and up to $2 million in coverage for business losses, court records show.
Apex told Falls Lake that it lost $2.5 million in inventory from the burglary. The insurer paid $600,000 to
Leaf Glass Special 2024: JP Toro – The Highly Connected Dispensary – Leaf Magazines
JP Toro has long been celebrated for his heady and pioneering contributions to the world of glass art, especially within the Cannabis community. His many creations, such as the Terp Slurper, have revolutionized how hash and concentrate enthusiasts experience their favorite strains, melding innovative function with unparalleled artistry.
The family-owned team is currently embarking on a new journey in Ithaca, as they open a licensed dispensary in their home state of New York. This exciting fusion of his glassblowing genius and passion for Cannabis aims to redefine the standard for Cannabis retail spaces. As the industry evolves and more states come online, figures like JP Toro are at the forefront – helping guide the way towards a more integrated, artistic and creative Cannabis experience.
In this exclusive Q&A, JP Toro and Wendy sit down with ADHDDEAD and share insights into their latest projects, vision for a unique dispensary experience, and the future of glass art in the Cannabis industry.
What inspired you to venture into the Cannabis retail sector?
Wendy: We had the opportunity to be among the first applicants under the NY CAURD program. Both JP and I were legacy growers since the ‘90s. A lot of our
Eastern Band of Cherokee dispensary will not sell recreational marijuana on 4/20 – WHQR
Plans for the state’s first recreational marijuana sales are on hold as the Eastern Band of Cherokee announces their marijuana dispensary will only sell medical marijuana during its grand opening. The Great Smoky Cannabis Company dispensary will be the first in the state.
A joint statement issued by tribal leadership said there are still too many questions about the implementation of recreational marijuana to start sales in April.
“This is a process that cannot be rushed; there are numerous factors to consider so that we are able to make the best decisions as these are decisions that can have significant long-term impacts on our tribe,” the statement reads, according to the Cherokee One Feather.
“Work is continuing to progress with the executive and legislative branches, and we are committed to make sure that any administrative efforts and legislation concerning recreational cannabis use is implemented responsibly. We will continue to provide updates as we move forward.”
Lilly Knoepp
The Great Smoky Dispensary features three drive thru windows.
The Eastern Band of Cherokee announced the tribe’s dispensary’s open date in February. Tribal Council discussed recreational marijuana in February, but it has not moved forward. In January,
Eastern Band of Cherokee dispensary will not sell recreational marijuana on 4/20 – WUNC
Plans for the state’s first recreational marijuana sales are on hold as the Eastern Band of Cherokee announces their marijuana dispensary will only sell medical marijuana during its grand opening. The Great Smoky Cannabis Company dispensary will be the first in the state.
A joint statement issued by tribal leadership said there are still too many questions about the implementation of recreational marijuana to start sales in April.
“This is a process that cannot be rushed; there are numerous factors to consider so that we are able to make the best decisions as these are decisions that can have significant long-term impacts on our tribe,” the statement reads, according to the Cherokee One Feather.
“Work is continuing to progress with the executive and legislative branches, and we are committed to make sure that any administrative efforts and legislation concerning recreational cannabis use is implemented responsibly. We will continue to provide updates as we move forward.”
Lilly Knoepp
The Great Smoky Dispensary features three drive thru windows.
The Eastern Band of Cherokee announced the tribe’s dispensary’s open date in February. Tribal Council discussed recreational marijuana in February, but it has not moved forward. In January,
Eastern Band of Cherokee dispensary will not sell recreational marijuana on 4/20 – WFAE
Plans for the state’s first recreational marijuana sales are on hold as the Eastern Band of Cherokee announces their marijuana dispensary will only sell medical marijuana during its grand opening. The Great Smoky Cannabis Company dispensary will be the first in the state.
A joint statement issued by tribal leadership said there are still too many questions about the implementation of recreational marijuana to start sales in April.
“This is a process that cannot be rushed; there are numerous factors to consider so that we are able to make the best decisions as these are decisions that can have significant long-term impacts on our tribe,” the statement reads, according to the Cherokee One Feather.
“Work is continuing to progress with the executive and legislative branches, and we are committed to make sure that any administrative efforts and legislation concerning recreational cannabis use is implemented responsibly. We will continue to provide updates as we move forward.”
Lilly Knoepp
The Great Smoky Dispensary features three drive-thru windows.
The Eastern Band of Cherokee announced the tribe’s dispensary’s open date in February. Tribal Council discussed recreational marijuana in February, but it has not moved forward. In January, tribal
Eastern Band of Cherokee dispensary will not sell recreational marijuana on 4/20 – Blue Ridge Public Radio
Plans for the state’s first recreational marijuana sales are on hold as the Eastern Band of Cherokee announces their marijuana dispensary will only sell medical marijuana during its grand opening. The Great Smoky Cannabis Company dispensary will be the first in the state.
A joint statement issued by tribal leadership said there are still too many questions about the implementation of recreational marijuana to start sales in April.
“This is a process that cannot be rushed; there are numerous factors to consider so that we are able to make the best decisions as these are decisions that can have significant long-term impacts on our tribe,” the statement reads, according to the Cherokee One Feather.
“Work is continuing to progress with the executive and legislative branches, and we are committed to make sure that any administrative efforts and legislation concerning recreational cannabis use is implemented responsibly. We will continue to provide updates as we move forward.”
Lilly Knoepp
The Great Smoky Dispensary features three drive thru windows.
The Eastern Band of Cherokee announced the tribe’s dispensary’s open date in February. Tribal Council discussed recreational marijuana in February, but it has not moved forward. In January,
California Dreaming: Win A Year’s Worth Of Cannabis For $4.20 With This Dispensary’s 4/20 Contest – Benzinga
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The allure of high-quality legal cannabis products often comes with a hefty price tag. However, West Coast Cure (WCC), one of California’s oldest cannabis brands, is challenging this norm with a contest offering five lucky winners a year’s supply of cannabis for just $4.20 plus tax.
Golden 420 Opportunity
Participants have two avenues to potential victory: discover one of four “Diamond Tickets” concealed within 4 Jefferey 5-pack minis across select retailers or show off their creative flair in the #WCCDIAMONDS UGC contest.
The fortunate finders of Diamond Tickets will engage in a skills-based trivia showdown to validate their win. UGC participants will be encouraged to craft the most inventive photo or video featuring a gutted Jefferey, with WCC co-founder JCURES selecting the winner based on originality.
Top cannabis brands will share valuable insights at the upcoming Benzinga Cannabis Capital Conference in Florida on April 16-17. The two-day event that returns to The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow.
A Tribute To Creativity And Passion
Jonathan Jones, WCC’s chief marketing officer, expressed enthusiasm for the contests, stating, “At West Coast Cure, we’re thrilled to engage with California’s weed community through these unique contests. It’s more
Ohio doubled the number of medical marijuana dispensaries. Two years later, 12 remain unopened – cleveland.com
COLUMBUS, Ohio – After surveying Ohio medical marijuana patients in 2021 and learning that 20% were driving over 30 miles to get to a dispensary, state regulators concluded it was time to increase the number of retail shops.
Now, nearly two years after the state granted provisional licenses that doubled the number of dispensaries from 58 to 132, and a year after the deadline that the new provisionally licensed businesses were supposed to clear the final inspection and get a certificate of operations and open to patients, 12 remain unopened.
Saving Oregon’s Cannabis Industry
Though the cannabis industry is one of America’s most lucrative new industries — with estimates that it will reach approximately $58 billion in sales by 2028 — the markets in several recreational states are suffering severe financial harm. In states like Oregon, the problems have gotten so out of hand that businesses are even pulling out of the state. And these problems are far from over.
California is probably the best example of such a problematic state, as I wrote last week. Last year, reports from the California Department of Tax and Fee Administration showed that the California cannabis industry’s total sales went down by a total of over eight percent from 2021 to 2022, which means approximately $400 million less of annual sales in a market as gargantuan as California’s — at least that was the case with the legal market, which California is doing little to protect. And according to recent sales figures for 2023, it looks like the total financial loss was even more substantial. Whereas nearly $5.4 billion in total sales occurred in 2022, a full $250 million less in overall sales when compared to the already troubled year of 2022. Unfortunately though, California’s problems are