The Next Frontier for Cannabis

Author: Insurance Business Canada IBC: How have you seen the insurance market for cannabis risks evolve since recreational use was legalized? Kevin Lea: The market for cannabis insurance in Canada has been slowly evolving since legalization. We’ve seen the continued strength of the MGAs and other wholesalers generally dominating the sector, similar to the way it…

Cannabis Companies Face Cross-border Exposures if They Want to Grow

Canadian cannabis companies should be thinking strategically about future expansion into some of the larger markets, such as Europe and the United States. Although doing so won’t come without insurance implications.  “We are certainly seeing some complexities there. Some of our clients and other companies within the industry are looking to do cross-border operations,” said…

Seven Months Later, the Cannabis Insurance Market is Growing in the Right Direction

Author: Insurance Business Canada The rollout of cannabis legalization in Canada has been anything but smooth, but the insurance market is continuing to evolve and change for the better.  “There are now more providers who are cannabis specialists that are operating at higher capacity – they’re adding staff to deal with the inflow of submissions and…