A lack of insurers hard on cannabis industry

HIGH COST: John Rogue, left, co-owner and chief financial officer, converses with Chris Roy, chief operating officer, at Medici Products and Solutions, a medical marijuana cultivator in Warwick. In 2018, $100,000 worth of product was stolen from their site and their insurance did not cover the loss. / PBN PHOTO/MICHAEL SALERNO
HIGH COST: John Rogue, left, co-owner and chief financial officer, converses with Chris Roy, chief operating officer, at Medici Products and Solutions, a medical marijuana cultivator in Warwick. In 2018, $100,000 worth of product was stolen from their site and their insurance did not cover the loss. / PBN PHOTO/MICHAEL SALERNO
Theft is never a good thing, but most businesses at least have some insurance to cover the loss. Medici Products and Solutions Inc. did not. After a heating and cooling contractor was accused of stealing 60 pounds of cannabis valued at $100,000 from the Warwick-based medical marijuana cultivator in 2018, some of the product wasn’t…

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