Cannabis business insurance is easier to obtain in 2019 (but still has a long way to go)

Cannabis Business Insurance - Hemp Leaf

Options are becoming much more widely available including coverage from top carriers. One year ago, cannabis business insurance coverage options were few and far between. Now that 2019 is getting started, these companies already have far more opportunities to obtain insurance. Moreover, many top carriers are among those selling products in this market. This niche had once been covered nearly exclusively by start-up insurers, but the trend has changed. A growing number of states have legalized cannabis. Accordingly, selling cannabis business insurance has become far more appealing to insurers of…

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California cannabis business insurance is now more widely available

cannabis business insurance marijuana

Businesses working within the legal marijuana industry now have options for covering potential losses. The medical marijuana industry in California has struggled with a significant stigma and, until recently, cannabis business insurance opportunities have been few and far between. That said, coverage is now opening up for these companies who want to protect themselves against losses relating to their facilities, products, or other business related perils. This week, the California Insurance Commissioner, Dave Jones, released a statement to this extent. Jones explained that the California has approved the first cannabis…

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