INSURANCE COMPANIES WARMING UP TO CANNABIS BUSINESSES

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Paul Warshaw, CEO of GreenRush, a California technology company that does business with over fifty medical marijuana dispensaries, says adequate insurance policies for cannabis-based businesses have been “few and far between.”
The landscape is shifting, however, as carriers are taking a fresh look at what is becoming a robust and profitable industry. Insurance underwriters are developing liability coverage that can address the needs of the industry as it expands. Gerry Finley of Munich Reinsurance America states that the policies are likely to come at a premium price.
Adam Weiss and Spencer Uniss, owners of Bolder Cannabis and Extracts in Colorado, say the high prices are due to minimal competition among insurance companies for cannabis-related business coverage. The partners carry a full range of coverage for their multi-tiered business, from workers compensation and health insurance to product liability.

https://www.whaxy.com/news/insurance-for-cannabis-businesses?utm_campaign=Roost&utm_source=Roost&utm_medium=push

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