The post Cannasure Launches Insurance Program For Weed Businesses appeared first on High Times.
Being federally illegal and operating with cash-only, weed businesses come with lots of risks. Some of them are specific to the cannabis industry. As a result, insurance companies, like Cannasure, that cater to the needs of businesses in the industry have been around for years. And now, Cannasure is launching a new comprehensive insurance program for weed businesses so farmers and dispensers can finally sleep at night.
Cannasure Launches Cannabis Program
Cannasure Insurance Services is based in Cleveland, Ohio but their insurance program for weed businesses will expand to every state with legalized marijuana. They cover both medical and recreational marijuana businesses. This includes dispensaries, processors/manufacturers, ancillary businesses, landlords and testing laboratories. Considering a greener approach to your business, like growing organic weed? Cannasure covers cultivation too.
There is even coverage for marijuana events. Cannasure has event relocation coverage, event cancellation coverage, product coverage and equipment coverage. Cars at cannabis events have been broken into and festivals have been raided with all the medicine at the event being seized. Now, there is even insurance coverage that will take care of any monetary losses experienced due to misplaced products or medicine at an event.
“The cannabis industry is evolving at an unprecedented rate and because of this so are the industry-specific risk factors and operational demands,” said Patrick McManamon, CEO of Cannasure Insurance Services.
The program will be managed by Kieran O’Rourke, who has over twenty years of property/casualty underwriting and senior management experience.
Coverage
Businesses will be eligible for up to $5 million in general liability as well as property protection. This includes furniture, fixtures and equipment. Even medicine can