Insurance for Cannabis Companies

A significant part of the cannabis ecosystem is research and development. Biotech, pharma and medical technology companies are developing strains, formulations, delivery methods and digital tools based on cannabis. Many of these projects involve clinical trials with human participants, and almost all involve sensitive professional work with high stakes.

Cannabis businesses store and process highly sensitive data. Patient records, prescriptions, treatment histories, purchasing data and full supply chain tracking all live in interconnected systems. At the same time, operations rely on seed to sale platforms, smart greenhouses, security systems and electronic payment solutions.
A cyber incident in this environment is not only an IT issue. It can trigger regulatory scrutiny, privacy claims, business interruption and reputational damage.

D&O insurance for cannabis companies is built to protect the people who take these decisions and the organization itself from costly and complex legal actions.

Cannabis crop, stock and living plant insurance is designed to protect exactly that asset. It is not just another property policy, but a specific response to a business where the core asset is a sensitive crop with a clear life cycle.

Cannabis product liability and recall insurance is one of the central building blocks of any serious insurance program for cultivators, processors and brand owners.

The cannabis industry combines three demanding worlds in one. Advanced agriculture, pharmaceutical level regulation and technology driven operations, all under close scrutiny from regulators, investors and the public. From seed to sale, every stage of the chain carries its own risk profile and its own expectations for governance and compliance.

The cannabis industry is in an unprecedented boom, when by 2030, estimates speak of sales that could reach an incredible amount of 72 billion dollars,