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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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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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Product Liability Coverage for Medical Device Manufacturers

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 […]

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What Supplement Makers Need to Know About the Food Safety Modernization Act

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 […]

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Everything You Need to Know About Proposition 65

“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 […]

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You Know About CBD, But What About CBG?

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. […]

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CBD Oil Processors:  A Rapidly Growing Insurance Market

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 […]

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5 Things You Need to Know About Liability Insurance for CBD and Hemp Products

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 […]

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