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EP. 19: Cannabis SPACs Are Hot, but Insuring Them is Pricey and Complex
Business news has been ablaze with cannabis SPACs. Special purpose acquisition corporations, which many refer to as blank check companies formed to raise capital for the purpose of acquiring a privately held business, need D&O insurance for the period in which they will be searching for acquisition targets. It’s pricey insurance, and covering the risk is complex and even more difficult to get done in the cannabis space.
The post EP. 19: Cannabis SPACs Are Hot, but Insuring Them is Pricey and Complex appeared first on Insurance Journal TV.