Different types of marijuana are displayed at Sparc Dispensary, Nov. 8, 2016, in San Francisco. (Photo: AP/Marcio Jose Sanchez)

Even though cannabis is legal in your state, it still may be difficult for a business that sells cannabis to the public for recreational or medicinal use to obtain insurance that covers the business needs.

Now, in California, Insurance Commissioner Dave Jones has approved the filing of the first admitted commercial insurance company to file cannabis business insurance. Cannabis businesses licensed by the state may purchase commercial insurance coverage from the insurance company licensed specifically to sell cannabis coverage. That insurer can begin writing policies and offering coverage for cannabis business owners as of Nov. 3, 2017.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.