Green Growing Pains: Risk Management & Risk Transfer Challenges for Cannabis Business

Streams live on Tuesday, June 30, 2020 at 12:00pm EDT

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$ 89 Insurance, Labor & Employment, and Cannabis In Stock
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Course Information

Time 60 Minutes
Difficulty Intermediate

Course Description

The past 24 months have seen great strides for the legal cannabis industry, including increased legalization at the state level, proposed federal legislation to enable access to banking and insurance, federal legalization of hemp, and federal legalization of marijuana in Canada. Even so, medical marijuana continues to be heavily regulated, recreational use is still illegal in most states, and hemp-derived CBD products are subject to regulatory scrutiny - and, of course, marijuana continues to be a scheduled narcotic under U.S. federal law. As a result of this uneven landscape, employers and employees face challenges with respect to coverage for medical use, workers compensation, and drug-free workplace objectives. Cannabis industry businesses - whether or not they directly “touch the plant” - face uncertainty as to the scope of insurance coverage available for such risks as natural disasters, theft, product liability, director and officer claims, cyber risk, and environmental liabilities.  

This course, presented by Benjamin Tievsky of Pillsbury Winthrop Shaw Pittman’s insurance recovery and advisory practice, explores risk management issues relating to the burgeoning legal cannabis industry, which are of critical importance in the evolution of cannabis from illegal to a legitimate business activity.

This program will benefit compliance attorneys, attorneys working with cannabis businesses, and attorneys in risk management functions at companies that deal directly or indirectly with cannabis issues.

Learning Objectives:

  1. Identify risk management issues pertaining to cannabis in the workplace
  2. Discuss the insurability of risks faced by players in the legal cannabis industry
  3. Examine the state of the cannabis insurance market and state insurance regulation pertaining to cannabis
  4. Provide practical guidance on insurance procurement and claims-related issues

Credit Information

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Benjamin Tievsky

Pillsbury Winthrop Shaw Pittman LLP

Benjamin D. Tievsky is Counsel in the Insurance Recovery and Advisory Group at Pillsbury Winthrop Shaw Pittman LLP, based in the firm’s New York office. He represents policyholders exclusively in insurance coverage matters involving general and excess liability, cyber exposures, environmental liabilities, director and officer claims, and first party losses involving property damage and business interruption.

Mr. Tievsky has represented insureds in an array of industries, including public utilities and companies in the natural resources, pharmaceutical, transportation, entertainment and technology spaces. Among other types of claims, he has helped policyholders obtain coverage for federal- and state-mandated environmental investigation and remediation. Additionally, he has significant data breach counseling experience, assisting victims of cyber-attacks in all aspects of claim-building, negotiation and, when necessary, litigation.  He also closely follows insurance-related developments in the legal cannabis industry and has cultivated expertise in this rapidly growing and evolving field.

Prior to law school, Mr. Tievsky pursued doctoral studies in Jewish and Greco-Roman law in late antiquity.