Cannabis Health Concerns Raise Product Liability Risk (Business Insurance)

Cannabis Health Concerns Raise Product Liability Risk

  Thursday, May 18th, 2023 Source: Business Insurance

Recent research linking cannabis consumption to a range of health risks may increase product liability exposures for the expanding industry.

Insurance coverage for the cannabis sector, which has grown significantly over the past several years as more states legalized the drug, is expanding, experts say. But policyholders should check their contract language to ensure that potential exposures linked to health concerns are covered, they say.

Some medical studies are showing a correlation between cannabis use and increased risk of cardiovascular disease.

A study by researchers affiliated with Stanford University concluded that frequent, but not occasional, cannabis use was associated with an increased risk of coronary artery disease.

‘Compared to never-users, daily cannabis users had an increased odds of developing CAD,’ according to an abstract of the study presented at the American College of Cardiology’s Annual Scientific Session held in conjunction with the World Congress of Cardiology.

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