Annual Meetings-Emerging Trends:The Cannabis Industry Overview and Exposures, Growth Projections, and the Insurance Marketplace

Emerging Trends:The Cannabis Industry Overview and Exposures, Growth Projections, and the Insurance Marketplace

Pdf Summary

The document discusses various aspects of insuring cannabis risks. It covers the legal issues surrounding cannabis, including its history of legalization. The differences between medicinal and recreational cannabis use are highlighted, with a focus on how they impact insurance opportunities. The divisions within the cannabis industry, such as cultivation, processing, dispensary operations, and distribution, are also explored in terms of insurable risks. Specific considerations for insuring different aspects of the cannabis industry, such as cultivation methods, processing techniques, dispensary properties, and edibles manufacturing, are outlined. Additionally, the document addresses lessors' risks, distribution, transportation, and security concerns in the cannabis industry, along with the insurance coverages needed. Information on where to find insurance risks related to cannabis, including cannabis associations, state registries, legal and financial professionals, as well as cannabis consultants, is provided. The document concludes with a section on common questions and answers regarding insuring cannabis risks, including market conditions, available programs, types of coverage, and concerns of insurance companies.

Asset Caption

Presented by Melissa McFarlane, VP, Production Underwriting, Brown & Riding Insurance Services, Inc.

Keywords

insuring cannabis risks

cannabis industry

legalization history

medicinal cannabis

recreational cannabis

insurance opportunities

cannabis cultivation

dispensary operations

insurable risks

edibles manufacturing