Joe Erle does a quick overview on what insurance a cannabis business would need including exposures, coverages, and costs. Whether you have a cannabis farm, cannabis dispensary, cannabis distribution company, cannabis products company, or cannabis delivery company, there are many insurance requirements and needs. Some coverages needed for a cannabis company would be: general liability, workers compensation, crime insurance, property insurance, auto insurance. Joe Erle goes over some of the reasons why you need the insurance and some of the costs involved with insuring a marijuana business. A lot of the needs of a cannabis business are similar to other businesses, but because of the industry there are less companies that want to insure them and more exclusions when you get coverage. You need to talk to an insurance agency that has a specialty for weed / cannabis businesses. Be sure to check with a seasoned agent so you at least know what is covered or not covered for your marijuana farm or dispensary.
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What Insurance does a Cannabis Business Need in California?