What are the challenges in obtaining cannabis insurance, and how can businesses overcome them?

Answered By:
AlphaRoot Team
36 6 days ago

Challenges in obtaining cannabis insurance include limited market availability, high premiums, and restrictive coverage terms. To overcome these challenges, businesses can:

Engage with specialized brokers who have experience in the cannabis industry.
Join industry associations that offer access to group insurance plans.
Implement robust risk management practices to make their business a more attractive risk to insurers.
Shop around and compare policies to find the best coverage options and rates.

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