Insuring The Ever-Growing Cannabis Industry: Part 1

By Jodi Green and Patricia Daza-Luu (January 29, 2019, 3:42 PM EST) -- The perception of the cannabis plant in the United States has significantly evolved since the 1936 propaganda film "Reefer Madness," which led Americans to believe that marijuana produced an aggressive "high" that would drive users into a murderous frenzy. Owing perhaps to advances in science coupled with creative marketing, roughly 62 percent of Americans now believe that marijuana should be legalized — a figure that has doubled since 2000.[1]

As this blockbuster industry continues to blossom, so too will the need for insurance coverage to protect cannabis-related companies. In this series of articles, we take a deep dive into cannabis insurance....

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