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What is TetraHydroCannabinol (THC)

Rapid Innovation and Development in the Global Cannabis Market
a type of cannabinoid that contains high stimulation constituents known as “high effects”, hail from the Cannabis Sativa plant.
Published in Chapter:
Does the Industry for Cannabis Provide More Challenges in Its Insurance Provision?: A Case of Global Perspective
Bibi Zaheenah Chummun (University of KwaZulu-Natal, South Africa)
Copyright: © 2023 |Pages: 16
DOI: 10.4018/978-1-6684-6346-8.ch001
Abstract
The demand for cannabis is at present increasing and the business globally is really evolving and expanding. With newcomers such as big corporate businesses, investors, and entrepreneurs, there has been a new standard of sophistication and level in the cannabis market worldwide. Several business providers of cannabis are confronted with a consortium of challenges and intend to have any form of insurance coverage to reduce those hiccups. However, there has been noted challenges in insuring the cannabis-allied business providers as they are considered a high-geared risk and embrace the so-called risk of specialty. Insuring the cannabis related businesses market is nowadays more complex as the market trend takes a difficult turn due to regulatory and supervisory challenges. Since cannabis indeed is used for multi-purposes and plays a huge role in enhancing businesses nowadays, it will be wise that the government officials, policymakers, and others work closely with the insurance market players or providers so that these challenges can be reduced.
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