Arson at New Cannabis Store in Cortez Colorado

Arson at New Cannabis Store in Cortez Colorado

Reward Offered leading to Conviction of Arsonist

Fire Damage from Arson at Chronic Therapy Cortez

Cortez, Colorado.  A $500 reward is being offered leading to the arrest and conviction of those who may be responsible for setting fire to Chronic Therapy’s retail cannabis store.  Chronic had recently celebrated their grand opening on July 27, 2018 with a beautiful new store to serve the people of this region.  The fire happened just 3 days later.

According to The Journal, the fire occurred at approximately 1:30 am in the early morning hours of July 30, 2018.  The damage to the building is significant both externally and internally.

Arson is a serious crime in Colorado.  A person who commits this type of crime has violated Revised Statutes Title 18 Criminal Code §18-4-102.  The penalties of such a crime could result in up to 12 years in jail.

Chronic will not be a victim.  Video footage forthcoming. 

According to Chronic’s facebook page excellent camera footage exists that will become available to help lead to the arrest and conviction of those who may be responsible.

Chronic’s Sandy Beddor stated in facebook they will not become victims.

This is what arson leaves behind.

Chronic Therapy Cortez

Inside Damage at Chronic Therapy

Damage inside Chronic Therapy Cortez

Arson Damage inside Chronic Therapy

Celebration from the grand opening still visible

New Cannabis Crop Insurance Program Now Offered by Existing Carrier

Great Opportunity to Secure Crop Insurance for your Cannabis Company

One of our existing cannabis insurance carriers has expanded their product line and started offering coverage protection for your living plants also known as crop insurance.  The coverage is being made available to Indoor grow only (warehouses, fully enclosed poly carbonate, or similar greenhouses).   Further good news is this insurance carrier has been stable and involved in the cannabis industry for several years.

Image of a marijuana plabnt

The Cannabis Plant

The definition of living plants means the following:

“Living Plant Material” means marijuana seeds, immature marijuana seedlings, marijuana plants in the vegetative growth stage and mature flowering marijuana plants rooted in growing medium.

Examples of the types of losses covered include Fire, Lightning, Explosion, Windstorm/Hail, and Vandalism.  Theft is also included, subject to all warranties attached to this policy. 

Currently, there are very few cannabis insurance companies offering crop insurance.  As such, Greenpoint Insurance Advisors, LLC is pleased to be able to offer this program.    If you’re are interested in a quote, please contact our agency below to discuss your particular circumstance: