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Growers want protection against crop loss and other business coverage, and weed distributors and retailers need insurance as well.

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Opportunities in cannabis-related businesses. Plant-touching cannabis enterprises may pay anywhere from 65-85% in taxes on pre-tax revenues. (Photo: Mary’s Medicinals, LLC)

The first two installments of this series examined some of the areas of insurance affected by the legalization of marijuana and took an in-depth look at the challenges facing many of these new cannabis-related businesses. While they operate similarly to other commercial enterprises, they also have very unique risks because of the nature of their companies and the value of their products.

Patricia L. Harman

Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at pharman@alm.com

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