If you are like me, and I think like most Americans, you find insurance to be very boring. There are a lot of details dealing with a seemingly endless list of possible scenarios and by the time I try to wrap my head around all of it I can't remember half the stuff I was reading about insurance policies. At the end of the day, I just want to know that I have good insurance, and that my insurance company has my back. That goes for health insurance, car insurance, home insurance, etc. I describe myself as an overly-paranoid person, and I don't think that I can ever have enough insurance.
I was attending a cannabis seminar once, during which the speaker said that you are not a real business if you don't have a bank account and insurance. Unfortunately for the cannabis industry, cannabis businesses cannot get bank accounts for the most part. However, every cannabis business can have insurance. If you are pouring your soul into something that you have created, and you want to protect it, then obviously you need insurance to know that there will be help when you need it.
One of the oldest and most reputable names in the cannabis industry when it comes to insurance is Cannasure. Cannasure has been around for longer than most cannabis businesses have been around, and they have been providing tailored insurance plans specifically for cannabis businesses the whole time. Below is more about Cannasure, via their website:
Since 2010 we have been one of the leading providers of insurance in the marijuana industry. Our managing director is a regular expert speaker at all of The National Cannabis Industry events and has spoken on insurance and risk management in Seattle, Denver, Phoenix, Boston, Albuquerque, San Francisco, Las Vegas. He has written expert columns for the leading trade journal, click here to read the article, and has been interviewed and quoted extensively by Wall Street Journal, Bloomberg News, CNN, Denver Post, Seattle Times and the Arizona Republic.
Through our extensive risk management assessments of some of the leading dispensary, cultivation facilities and infused product manufactures from California to Colorado we have spent hundreds of hours observing, interviewing and analyzing the unique risks facing the cannabis industry.
We started Cannassure with the singular purpose of helping the Medical Marijuana Industry secure insurance products at a reasonable cost. Cannassure saw firsthand a glaring need and a complete lack of understanding from the insurance industry as a whole.
The origins of Cannassure can be traced back to one of our high school and college friends who was in the process of opening a medical marijuana cooperative in the Southern California area. In one of our weekly conversations he was discussing his frustration at finding and securing business owners insurance at a reasonable cost for his cooperative. We offered to take over the search and report back to him on our findings. As we started talking with insurance carriers we could see that the amount of misinformation about the industry as a whole was really shocking. The stigma on the burgeoning Medical Marijuana Industry was one not based in fact. We also discovered the many fly by night brokers and agencies looking to just make a quick buck without understanding the needs of the Collectives, Cooperatives, Dispensaries and Growers.
Our first hand experience in working with the cooperative was invaluable to our people. We were able to research and understand exactly the hurdles that each collective, cooperative, dispensary and grower faces on an everyday basis. We trust that you will find our knowledgeable staff responsive, professional and discreet. Please do not hesitate to call, we are always willing to listen and answer your questions. We are available and ready to help in any way possible. Medical Marijuana should be accessible for any qualified patient and we feel that insurance should be affordable and attainable for those working in the medical marijuana industry.
If you are serious about your cannabis business, then you need to protect your idea. Obviously shop around, but I think that you will inevitably realize why so many successful cannabis businesses do their insurance through Cannasure. Cannabis businesses have very specific needs, and the people at Cannasure know exactly how to make sure that you are covered. Cannasure is going to be an exhibitor at the upcoming 2015 Fall Regional Cannabis Business Summit in New York hosted by the National Cannabis Industry Association September 21-23.
The event would be a great opportunity to stop by their booth, pick their brains about insurance, and also to check out everything else at the event. There will be seminars, exhibitors, world class speakers, networking opportunities, and a lot more. The event is likely to sell out, so get your tickets sooner rather than later. You can check out Cannasure on Facebook and Twitter.
About the National Cannabis Industry Association
NCIA is the only national trade association advancing the interests of the legitimate and responsible cannabis industry. Our industry supports tens of thousands of jobs, tens of millions in tax revenue, and billions in economic activity in the United States. NCIA is leading the unified and coordinated campaign to ensure this emerging sector is treated fairly under federal law.