California cannabis company receives historic $1 million insurance payout following fire - Cannabis News

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The payout was for crop damages that the grower suffered during the massive Thomas Fire.

It’s believed to be the largest insurance award ever given to a legal marijuana business.

Industry insiders also see the event as another indicator of how rapidly the legal cannabis industry has matured, and how much corporate America’s “take” on cannabis companies has changed.

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Bruce Kennedy ~ TheCannabist.co ~