Darnell_M_Wade.docx - Darnell M Wade Case Study Marijuana...

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Darnell M. Wade Case Study – Marijuana RMI 2101: Fall 2018 1. Shortly describe how states are able to legalize marijuana when it is still illegal at the federal level. a. States have legalized marijuana for medical purposes, and states have used CBD (cannabidiol) which does not contain THC. 2. Name 3 examples of business risks that are specific to marijuana producers (i.e. growers). a. Distributing b. Selling c. Property 3. If there were no legal concerns, would traditional insurance be a good risk management technique? Why or why not? a. Yes it would, marijuana is a multi-billion dollar industry. Life and health insurance provides will become more profitable considering the influences of medical marijuana. Property insurance will help out a lot due to the fact that marijuana burns and there are people out there that will eventually start stealing this products. 4. How does the federal legal status impact how insurance works for marijuana-related businesses?
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  • Spring '10
  • GARY
  • Cannabis, Captive insurance

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