Marijuana Industry
how to save for retirement with a cannabis business

Tax-Free Retirement Strategy for Cannabis Business Owners

Global Atlantic just opened up their life insurance policies for owners of cannabis-related businesses. This is fantastic news because one of the best-kept secrets in tax-free retirement planning is funding your golden years through an indexed universal life policy or IUL. What Makes The Cannabis Industry Different? The insurance industry holds strong ideas about change…
Read More
buy-sell life insurance marijuana business owner

How to Get Buy-Sell Life Insurance with a Marijuana Business

It’s dangerous to skip making a buy-sell agreement in place when you have two or more business owners. Buy-sell life insurance can help fund an extra layer of protection for your business. Why is this important? Buy-sell life insurance for both or all owners will ensure the successful transfer of ownership if one of the…
Read More
collateral assignment of life insurance marijuana business owner

Collateral Assignment of Life Insurance Money: Cannabis Business

Whether you are a sole proprietor or have partners, the majority of lenders or investors require that you have a business loan life insurance policy in place before they approve your loan. This is commonly called collateral assignment of life insurance. Many people overlook the requirement for collateral assignment of life insurance until the last…
Read More
key person life insurance marijuana business owner

Get Approved for Key Person Life Insurance in Cannabis Businesses

There are many vital reasons for a marijuana business owner to have key person life insurance. For just about every business, especially small and medium sized businesses in the marijuana industry, you have particularly important personnel vital to the survival of your operation. Many marijuana business owners have active or silent partners. Others depend on…
Read More
marijuana business owner disability insurance approval

Marijuana Business Owner Disability Insurance (A Better Approach)

What will you do if you become totally disabled because of an accident or illness? What will happen to your business? Getting marijuana business owner disability insurance can be tough because of the industry. Although, it’s not impossible like some people might tell you. The problem is that most disability insurance companies will NOT consider…
Read More
Life insurance for marijuana business employees

How to get a Good Marijuana Industry Life Insurance Policy

The unfortunate reality for the majority of legitimate marijuana industry owners and their employees is that most life insurance companies will decline marijuana industry life insurance. For all the same reasons that it’s hard to get adequate banking services. It’s easier for the insurance industry to say, “No, thanks” than to analyze or fight the…
Read More