CannaCoverage

In just a few years, cannabis trading has moved from an underground market to a booming legal business. With medical marijuana legal in 37 states and the District of Columbia, and adult use marijuana legal in 19 states and the District of Columbia, cannabis and cannabinoid producers and distributors have quickly grown to such a size that they need support from a diverse range of financial services and insurance firms. The insurance industry has been wary of covering cannabis-related industries, despite the growing interest in the sector there are few who have the expertise and relationships in this highly specialized market, like CannaCoverage, who are prepared in this emerging market. As the cannabis sector and insurers examine the risks inherent in cannabis production and distribution questions are arising on everything from crop coverage to directors and officers liability insurance. In addition, the rise of cannabis as an alternative pain medication will have significant implications for the workers compensation sector.