If you are the proprietor of a cannabis-related business, you may have special insurance considerations that go beyond a standard insurance policy. After all, there are a variety of unique circumstances and liabilities that may come along with any business involving the growing, testing, manufacturing, or selling of cannabis products. As both medical and recreational use of cannabis-related items becomes more widely accepted and legalized across the country, there is more need for specialized insurance for the cannabis industry than ever before. 

What Is Cannabis Insurance?

Simply put, cannabis insurance policies are designed to address the unique concerns of business owners in the cannabis industry. Cannabis insurance coverage is tailored to fit each segment of the industry to ensure that your company is protected against potential threats, risks, and vulnerabilities exclusive to your specialized field. Our agents work with medical and recreational dispensaries, indoor and outdoor growing operations, manufacturers of oils and edibles, and more to deliver all the coverage that any business needs, such as general liability, as well as custom protection against liabilities and risks that are more specific to your segment of the cannabis industry.

What Does Cannabis Insurance Cover?

One of the best aspects of cannabis insurance is that it provides effective coverage against virtually any incident, accident, or catastrophe that could potentially occur in a cannabis-related business. Our coverage plans include:

• Cannabis Cultivation Insurance

• Cannabis Property Insurance

• Cannabis Product Liability Insurance

• Marijuana Dispensary Insurance

• Cannabis Laboratory/Testing Facility Insurance

• Workers’ Compensation for Cannabis Businesses

• Cannabis Commercial Auto & Cargo Insurance

• Cannabis General Liability Insurance

• Cannabis Lounge and Club Insurance

• Cannabis License Surety Bond

• Cannabis Special Event Insurance

Coverage for Dispensaries

If you are the owner of a medical or recreational marijuana dispensary, it is vital that you are adequately protected against potentially devastating loss. Dispensary insurance not only provides you with the traditional protection needed by all businesses but also addresses the unique concerns of your specialized retail store. An expert cannabis insurance agency can help identify and mitigate risks that are common to the operation of a dispensary, and place appropriate coverage that is both affordable and comprehensive.

Costs of Coverage

As with any type of insurance, cannabis insurance is less of a question of whether you can afford coverage and more a question of whether you can afford notto be covered. By calling your cannabis insurance agent for a free quote, you can effectively determine together what types of coverage are best for you, how much coverage you need, and how much a monthly or annual premium payment will cost. Because each cannabis-related business varies in terms of necessary coverage, the best way to determine pricing factors is to contact a cannabis insurance company and receive a quote based on your exact circumstances.

Why Should I Have a Cannabis Insurance Policy?

As with any business, it is essential that your cannabis-related enterprise has adequate insurance coverage to protect against catastrophic events and accidents. However, due to the nature of the products you are growing or selling, not much mainstream protection has been offered by traditional insurance companies in the past. Despite the rise in the legalization of cannabis products for both medical and recreational use in the past decades, it is an industry that remains widely stigmatized. Not only that, but the special legal issues and restrictions that surround the cannabis industry can be tricky to navigate from a traditional insurance standpoint. It is crucial that you choose an insurance provider that not only understands the special needs of your business but also has the knowledge and experience necessary to ensure that the correct type of coverage is placed for your cannabis-related company.

With over 18 years working with businesses in the cannabis industry, OG Cannabis is well-equipped to give you the peace of mind that only comes with the most comprehensive and appropriate coverage for your company. Based in Southern California, we proudly serve cannabis growers, manufacturers, and retailers in California, Colorado, Arizona, Washington, Nevada, Michigan, and Maine. Call us today at 877-473-7979 for a free quote.

This is why every dispensary needs comprehensive cannabis dispensary insurance. This should include general liability coverage and product liability protection.

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