News Briefs
U.S. News & World Report Quotes Stewart on Jump in Cannabis Insurance Costs as Investors Hold Directors Personally Liable
July 9, 2020
Ian Stewart (Partner-Los Angeles) was quoted in “Cannabis Firms See Jump in Insurance Costs to Protect Leaders as Investors Sue,” an article in the July 8, 2020, edition of U.S. News & World Report. “Investors have faced losses as well as coronavirus-driven market downturns, and they are increasingly likely to target companies and executives that have not delivered on big promises, like cannabis firms,” said Ian. That could drive rates and deductibles higher, with the industry already paying well above what non-cannabis companies pay for similar insurance products. "We expect a flurry of cases holding directors personally liable," he added.
The article also appeared in The New York Times.