|   FROM THE EXPERTS   |

Your Guide to Cannabis Insurance

Marijuana regulations at the state level flip-flop on a weekly basis, making it difficult to keep up. When that happens, a new wave of laws and overturned court opinions will sweep across the country.

The only thing changing as quickly as cannabis legislation is the unique insurance needs of this budding industry. We figured you could use a go-to reference for all things cannabis insurance that is current and reliable. …You’re welcome.

Legalization by State

Click on a state below to see how it regulates cannabis. You’ll notice there are four categories: states where cannabis use is fully legal, states where medical use is legal and recreational use has been decriminalized, states that have decriminalized cannabis use only, and states where only medical use is legal.

Fully legal

Decriminalized

Medical and decriminalized

Medical only

Last Updated: March 2022

Number of states allowing reimbursement for medical marijuana under Workers’ Compensation.

BILLION

Global cannabis sales by 2026.

Number of retail cannabis
licenses in the U.S.

Exclusive Program: Cannabis Site Pollution Liability

Cannabis business operations face significant insurance coverage gaps where pollution is concerned. That’s why Jencap established a first-of-its-kind, exclusive program that provides monoline Site Pollution Liability to cannabis risks.

The program is specifically designed for cannabis growers, processors, warehouses, and retailers. It’s a non-admitted, A+XII rated program that is available in all U.S. states where cannabis is legal for recreational and medical use. Our program’s exclusive cannabis specific form, broad appetite that includes high hazard operations, and full binding authority that yields quick quotes is the perfect insurance solution for your clients’ next cannabis risk. Program Contact: cannabis@jencapgroup.com

Industry Insights

Up in Smoke: Insuring Cannabis-Related Businesses

Up in Smoke: Insuring Cannabis-Related Businesses

The sale of legal cannabis is projected to reach $20 billion within three years. With 33 states passing laws to legalize medical cannabis and 11 allowing recreational marijuana, the insurance industry is beginning to take notice.

read more

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The Jencap Advantage
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The Jencap Advantage

Cannabis is not a generalist's game. Learn how Jencap provides specific expertise for cannabis coverage.

Legalization
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The Legalization of Cannabis

The regulatory environment and legislation of cannabis greatly impacts the commercial insurance world. Listen in as our experts discuss the implications.

Challenges
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Challenges in the Cannabis Industry

This growing industry brings new challenges, like capacity limits, that Jencap is uniquely equipped to overcome.

Gaps
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Coverage Gaps in the Cannabis Industry

Gaps can create frightening situations; our experts know how to ask the right questions to keep your clients covered.

Get the Jencap Cannabis Program Brochure today.

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