Cyber Liability Insurance Is Gaining Value For Cannabis Cos.

Law360 (February 6, 2020, 4:12 PM EST) -- According to recent reports, tens of thousands of cannabis dispensary customers’ personal data has been exposed following a data breach of an electronic sales platform called THSuite, which at least three (and likely more) cannabis dispensaries may have used to manage their sales to customers. This breach highlights the increasing threat that hacking, ransomware attacks and other cybercrime pose to the cannabis industry.

Given the vast amount of information that cannabis retailers and distributors are required by law to collect, coupled with the fact that this is a new and rapidly growing industry operating in an uncertain regulatory environment, the unfortunate...

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