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OG Cannabis Insurance Blog

The insurance game is an ever-changing environment, especially in the Cannabis Dispensary Insurance sector. There are a variety of different factors (e.g. cannabis laws and policies) that can affect the way your insurance works and how you and your business are covered.

The OG Cannabis Insurance blog keeps you up to date on cannabis insurance, laws and policies, and dispensary insurance news so you can be proactive on protecting yourself when the unexpected happens. We update our cannabis insurance blog regularly so check back soon for more posts!

Understanding The Cannabis Business Insurance Landscape

The business landscape of the 21st century continues to evolve and grow with new types of businesses developing with each passing year. Over the past several years, the cannabis industry has grown to quite a booming industry, and cannabis businesses need to take the same kinds of precautions to preserve their company that all other businesses do as well.

One of these business precautions is investing in the right types of insurance for your particular company and ensuring that you have all of the coverage you need. At OG Cannabis, you can rest assured that we will connect you with the right insurance agents and that you get a customized policy that perfectly suits your company’s unique needs in the cannabis industry.

Cannabis is a Booming Industry

Over the past several years, various states including Arizona, New Jersey, South Dakota, and New York have voted in favor of or have passed initiatives aimed at decriminalizing marijuana for both medicinal and recreational uses. And it would appear that more states are following their leads and working to pass their legislation dealing with the cannabis industry, though federal law has not changed

Legal cannabis businesses are opening throughout the country, and they must be able to succeed with their operations. One key to any company’s success is having the right insurance coverage for the needs of the particular business. In the cannabis industry, the needs presented by cannabis business owners are unique so they must choose insurance companies that offer the types of insurance coverage that keep their companies secure.

Cannabis Businesses need to Protect Themselves

Cannabis-related businesses have some similarities to other businesses in the same line of work (retail, manufacturing, product development, etc.), but they also present unique challenges for the insurance industry. Cannabis and marijuana-related businesses must have the right kinds of insurance policies that will protect the owners’ investments.

Unlike other companies, there are inherent risks associated with companies that offer both recreational cannabis and accepted medical marijuana as well as CBD products. Many general insurance companies will not accept the risks for product liability or even general liability, especially since marijuana use is still federally illegal. That is why it is important to get coverage of any types that you need from a cannabis insurance provider that specializes in and understands the requirements of the cannabis industry.

Types of Insurance Coverage for the Cannabis Industry

When it comes to cannabis insurance coverage, many different types of insurance can be written into a policy for your company. The most common types for the marijuana industry include:


You may not require all of these types of insurance written into your policy. If you own a dispensary, you will likely not need insurance for a testing facility. With that in mind, be sure to entrust your coverage to insurance brokers who are well aware of federal laws, federal legislation, and the fight to legalize recreational marijuana to ensure that your policy is comprehensive and provides you the protection you need from state and federal prosecution.

Know what is in your Policy before you Sign

Before you sign on the dotted line for your insurance policy, be sure you know exactly what is and is not covered by it. If there is a portion of the policy which you do not need or would never use, you should not be paying for that coverage.

Likewise, if there is a type of coverage that you certainly need but has not been included in the policy, your insurance provider should be able to update the policy for you. Your cannabis-related business must get the proper cannabis coverage so that you can feel protected as you go about your daily work.

Not All Insurance Companies are Equal

When it comes to choosing a cannabis-related insurance policy, remember that not all insurance carriers are the same. An insurance provider who works with any type of business may not have the specialized knowledge and state and federal law concerning legalized cannabis, and they may be unwilling to provide coverage to your company.

If an insurance provider does offer coverage to cannabis companies, they may have inadequate policy limits or other serious issues with their policies that will render your insurance irrelevant when you need it. When your insurance needs go further than basic coverage, it is time to find a provider who understands cannabis entrepreneurs and works within the cannabis community.

Get a Cannabis Insurance Quote Today!

At OG Cannabis Insurance, we have over 18 years of experience in the insurance industry, and our specialty is cannabis insurance coverage. We realize that there are emerging risks associated with what can still be considered a young industry, but we have a high level of risk tolerance so that we can offer a variety of insurance options to cannabis and CBD business owners like you.

If you are the owner and operator of a cannabis-related business, you need to find insurance to protect your company. From property coverage to general liability and everything in between, OG Cannabis Insurance can assist you in finding the best possible policy for your company’s needs.

Where most insurers will not even consider your business due to external risks or use convoluted policy language to render the policy ineffective in protecting your cannabis products, the insurance carriers we have relationships with want to help you protect your company.

Whatever type of cannabis company you own, we can make sure you get the right policy and coverage as well as a fast and easy quote. Contact OG Cannabis Insurance at (877) 473-7979 today to find out more!


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