What it does
CG 40 15 contains the cannabis exclusion of CG 40 14 but does not apply to injury or damage arising out of goods or products containing or derived from hemp, such as seeds, food, clothing, lotions, oils or extracts, building materials or paper, or property damage to those goods. The hemp exception does not apply where such goods are prohibited by an applicable state or local statute, regulation or ordinance.
Who needs it
Grocers, health food stores, pharmacies, convenience stores, apparel and personal care manufacturers selling hemp-derived items.
Key provisions and limits
- Defines "cannabis" as any good or product that consists of or contains any amount of THC or any other cannabinoid, natural or synthetic, including plants, seeds, resin, oil, wax, hash or hemp, and infused liquids or edibles.
- False arrest and wrongful eviction offenses are not affected.
- Applies to the CGL and Products/Completed Operations coverage parts.
Quoting and selling notes
- Confirm local legality of the hemp products sold; the exception falls away where they are prohibited.
