Cannabis

There is a growing number of coverages available for protection of all aspects of cannabis growing and distribution. For example, a medical marijuana dispensary must have a marijuana crop to sell. This unique crop is subject to the same hazards as any other crop in the specific area where it grows. This crop’s potential value adds a significant theft exposure. The crops’ value varies because some growers provide a generic crop while others use research and development techniques to produce disease- or symptom-specific crops.

In addition to dispensaries, a variety of other activities can be insured for marijuana-related businesses, including cultivation, manufacturing, insurance on buildings, delivery and transport, and laboratories. The most-purchased coverages are product liability and professional liability insurance.