The Texas Department of Public Safety has begun accepting applications for medical marijuana dispensing organization licenses. Applicants must submit their Compassionate Use Program licensing application by 5:00 PM central standard time on November 1st, 2019. In order for the application to be considered complete, there are various items that must be submitted with the application, including proof of general liability insurance with the following limits:
- $1,000,000 each occurrence;
- $2,000,000 General Aggregate limit; and
- $1,000,000 Product Liability
The number of applicants that will be conditionally approved is based on the ability of those applicants to meet the anticipated increased demand of medical marijuana. The State has not released any details on how much they are anticipating or how many applicants it may take to meet that need.
Insuring a commercial cannabis facility is no easy feat. Working with an agency that specializes in cannabis insurance and understands state and municipal regulations is vital to your success. We spend time researching and educating our team to make sure we understand your business. We know the licensing requirements and have the coverages and expertise you need to streamline the licensing process.
The Roots is changing the way the world buys insurance. Unlike many other agencies still using paper applications and cumbersome manual processes, The Roots utilizes cutting edge technology to make the process of buying insurance quick and painless. There’s no paper here! You complete a short online application and we go to work getting quotes from multiple carriers competing for your business. We put our expertise to work for you getting the coverages you need to protect your business investment.
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The Texas Department of Public Safety has begun accepting applications for medical marijuana dispensing organization licenses. Applicants must submit their Compassionate Use Program licensing application by 5:00 PM central standard time on November 1st, 2019. In order for the application to be considered complete, there are various items that must be submitted with the application, including proof of general liability insurance with the following limits:
- $1,000,000 each occurrence;
- $2,000,000 General Aggregate limit; and
- $1,000,000 Product Liability