Announcements

  • RIMS REPORT: The Risk Management Implications of Conflicting Federal and State Cannabis Laws

    According to “RIMS Legislative Review: The Risk Management Implications of Conflicting Federal and State Cannabis Laws,” risk professionals representing cannabis businesses, as well as landowners and landlords can face a range of issues as a result of the disconnect between state and federal cannabis laws.

     

    Developed by RIMS External Affairs Committee, the new report provides a brief background on the current state of cannabis laws in the United States. It also explores banking and insurance challenges for businesses in marijuana industries, as well as property owners’ and managers’ rights, language considerations for tenancy agreements and critical insurance requirements that should be enforced.

     

    “Until the Controlled Substances Act is amended to remove marijuana as a Schedule I Narcotic, there is always some risk that shifting political winds or other factors in the area where the business is located may result in prosecution, even where marijuana has been legalized or decriminalized,” the report states. “Careful due diligence and legal advice from counsel familiar with this area of law is always a wise choice.”

     

    The report is currently available exclusively to RIMS members. To download the report, visit RIMS Risk Knowledge library at www.RIMS.org/RiskKnowledge. For more information about the Society and to learn about other RIMS publications, educational opportunities, conferences and resources, visit www.RIMS.org.