ALM Global released the fifth course in the six-course Cannabis Insurance Coverage Specialist (CICS) designation, Workers' Compensation for Cannabis Businesses.
"Workers' compensation is a complex issue for any business. There are specific workers' compensation exposures around cannabis, even when legal. With this course, we wanted to provide current, critical information for professionals insuring, representing, serving, or involved with the cannabis industry, as well as anyone handling workers' compensation in states where cannabis is legal," shares Molly Miller, ALM's chief content officer.
Workers' Compensation for Cannabis Businesses covers many aspects of workers' compensation in regard to legalized cannabis and cannabis-related businesses. The course begins with an overview of the worker's compensation system in general, including a deep dive into workers' compensation coverage parts. We then go into an overview of workers' compensation and cannabis, including existing and proposed legislation, as well as classifications for workers' compensation as related to legal cannabis. The course finishes with an examination of the impact legal cannabis has had on workers' compensation exposures, including topics like drug testing, reimbursement for medical use, and a look at exposures related to legal cannabis.
Cannabis legalization is increasing across the United States, and more and more organizations have connections to cannabis-related businesses, which have unique insurance, banking, and risk management needs. The forward-thinking Cannabis Insurance Coverage Specialist (CICS) designation is being developed by ALM's subject matter experts and thought leaders in conjunction with multiple insurance, legal, and cannabis industry authorities. The coursework is hot off the press, and it's regularly updated to reflect the ever-evolving cannabis industry.
Along with Cannabis Insurance 101, Managing the Risks of Cannabis-Related Businesses, Handling Cannabis Insurance Claims, Real Estate and Cannabis Insurance, and Workers' Compensation for Cannabis Businesses is the next step toward the Cannabis Insurance Coverage Specialist (CICS) designation, designed to help anyone understand the key issues, risks, and business needs to be successful in operating and advising a cannabis-related business.