1. in the Cannabis Industry
ROLLING STONED:
A Coverage and Claims-Centric Review of Recent Lobbying, Legislative, and Legal Developments
in the Cannabis Industry

2. PRESENTERS C. Benjamin Peoples, Partner, TT&H
Joshua J. Bovender, Partner, TT&H
Jeffery T. Criswell, Associate, TT&H
Andrew Blasco, Executive Director, PAMCIG

3. OVERVIEW Current Laws Industry & Lobbying Underwriting & Coverage
Claims

4. Goals Specific, Specific, Specific Writing Risks Based on the Market
Completed by Cocktail Hour

5. Current Legal Obstacles & Issues
Part I
Current Legal Obstacles & Issues

8. Industry Goals, Lobbying Efforts, and Legislative Response
PART II
Industry Goals, Lobbying Efforts, and Legislative Response

9. History Involvement of Federal Government
From West Coast to East Coast
Development and Evolution of Programs

10. From “Seed to Sale” Growers & Cultivators Processors & Manufacturers
Labs
Transportation
Dispensaries

11. Legislative & Lobbying Perspective
Medical Benefits
Taxation
Black Market Reduction

12. Industry Direction
Numbers of Patients
Dollar Amount of Proceeds

13. Pennsylvania Specifics
Program Elements
Growers/Processors
Dispensaries
Labs
Transportation

14. Pennsylvania Specifics (Cont’d)
Program Estimates:
Patient Potential
Evolution

15. Pennsylvania Specifics (Cont’d)
Pennsylvania Program Requirements
Compliance
Banking
Insurance

16. Underwriting & Coverage
Part III
Underwriting & Coverage

17. Why Cover? Rapidly expanding market
Limited competition (Higher premiums)
Exposure to ancillary, non-marijuana, businesses
Familiar risks and needs

18. Coverages Needed General Liability Products Liability
Property Liability
Workers’ Compensation
Crop Liability
Professional Liability
Equipment Breakdown
Business Interruption

19. Risks Requiring Coverage
Growers
Suppliers/Processors
Dispensaries
Caregivers
Medical professionals
Building owners
Property managers

20. Considerations for Insurers
State vs. federal law dichotomy
Stigma
Lack of access to banking
Unchartered territory

21. Part IV
Claims

22. General Concept New Risks Limited Actuarial Data
Track Industry Development
Old school song, new school beat

23. First Party Claims
Property
Business Interruption
Equipment Breakdown

24. Third Party Claims General Liability Products Liability Crop Liability
Professional Liability

25. The end
COMMENTS OR QUESTIONS?