Admiral Blog

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 […]

Did you know Admiral Insurance Group offers product liability coverage for Class I & Class II medical device manufacturers? Billions of dollars are paid out as a result of medical lawsuits every year. And when someone is injured or doesn’t get the appropriate treatment, it is not just doctors and […]

The Food Safety Modernization Act (FSMA) was signed into law in 2011 in order to better protect public health by strengthening the food safety system. This law has enabled the Food and Drug Administration to focus more on preventing food safety problems rather than reacting to problems after they […]

“Warning: this product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.” You’ve probably seen this warning before, even if you weren’t paying much attention to it. This warning is a result of California’s Proposition 65, officially […]

Over the last several years, the CBD industry has really taken off — which has led to an increased need for insurance products for CBD manufacturers and retailers. But while CBD and THC are the most well-known cannabinoids, other compounds such as CBG and CBN are starting to get more attention. […]

Consumer sales of CBD oil in the United States is expected to top $1 billion in 2020, representing a 1000% increase in just the last five years.  By 2025, the total value of the CBD market is estimated to be $15 to $20 billion.  With such rapidly increasing demand for CBD oil, many new players are […]

Recently, federal law changed making it legal to grow, manufacture, and sell hemp and hemp-based products, including CBD oil, hemp rope, hemp cloth, and more. Many farmers, manufacturers, and retailers are now looking at the hemp and CBD product market as a growing opportunity. Of course, as with […]