| 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
Your Cannabis-Related Clients Need Proper Insurance Coverage to Mitigate Risks
Cannabis industry experts at BDSA Analytics project the global sales of cannabis will increase by 22% over...
8 Reasons your Cannabis Clients Need Site Pollution Liability Coverage
The cannabis industry is expected to see exponential growth over the next few years. Market experts project...
Should Cannabis be Covered Under Workers’ Compensation?
Cannabis is now legal in 38 states and medical marijuana is being used to treat multiple conditions,...
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.
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Cannabis is not a generalist's game. Learn how Jencap provides specific expertise for cannabis coverage.
The regulatory environment and legislation of cannabis greatly impacts the commercial insurance world. Listen in as our experts discuss the implications.
This growing industry brings new challenges, like capacity limits, that Jencap is uniquely equipped to overcome.
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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