Michael Sampson is a partner with Leech Tishman and co-leads the firm’s Cannabis Industry Group. Based in Pittsburgh, Sampson represents clients in a variety of civil and commercial litigation and other matters across the country. He recently spoke with Tom Wanamaker for New York Cannabis Insider about the cannabis insurance marketplace. This interview has been lightly edited for clarity.
What’s your advice to the new cannabis entrepreneur looking for commercial insurance coverage for their business?
Any business in the cannabis industry, like any business in any other industry, needs to make sure that they have the right types and right amounts of insurance.
If you’re manufacturing or processing a product, you may need product liability insurance. If you own property, you may need property insurance. If your business relies on computers and the internet and stores personally identifiable information, you may need to consider cyber liability insurance.
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For almost any cannabis-related business there is, generally speaking, a standard set…
