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Navigating National CBD Month: A Closer Look at Trends and Insurance Insights

National CBD Month, observed annually in January, serves as a platform to raise awareness about the benefits of cannabidiol (CBD) and its potential to promote wellness and a healthy lifestyle. As the popularity of CBD continues to soar, it's essential to not only appreciate its various uses but […]

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What’s New in the CBD Market:  A Closer Look at Growth and Trends

The CBD industry in the United States has seen explosive growth since the passage of the 2018 Farm Bill, which effectively legalized hemp-derived CBD products nationwide. From just over half a billion dollars in CBD product sales in 2018, sales in 2022 reached more than $1.9 billion. Estimates for […]

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Clinical Trial Coverage for Health, Nutrition, & Lifestyle Companies

The Health, Nutrition, and Lifestyle team at Admiral has recently added Phase I and Phase II clinical trial coverage to its liability insurance offerings. The coverage is aimed at businesses that have established sales, but need coverage for incidental human clinical trial exposure that comes from […]

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The CBD Market is Experiencing Tremendous Growth: What Insurance Brokers Need to Know

The CBD market has exploded in recent years, hitting $4.6 billion in sales in 2020. And the growth is expected to continue, with projections as high as $20 billion by 2025. Fueled by the passage of the 2018 Farm Bill that legalized hemp-derived products such as CBD, and encouraged by additional […]

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