What is the difference between a carrier and a broker in cannabis insurance?
AlphaRoot Team
A carrier provides the insurance policy, while a broker acts as an intermediary between the business and the insurer, helping to find the best coverage.
Related FAQs
What alternative financing options are available to cannabis businesses when traditional bank loans aren’t accessible?
AlphaRoot Team
Banks are wary of serving cannabis companies because the plant is federally illegal; as a result, most cannabis firms still operate largely with cash and struggle to access basic banking....
How can cannabis companies find secure and compliant payment processing services in a cash-heavy industry?
AlphaRoot Team
Because federal prohibition deters most banks, cannabis retailers often handle large amounts of cash, creating security risks. To accept large payments safely: • Work with a payment processor experienced in...
Curated News
Emerging Trends in Cannabis Insurance: Staying Ahead of the Curve
Cannabis insurance is a space that is ever-evolving, much like the cannabis industry. Knowing what’s trending is critical to your success — here’s what’s what. Read More
Hidden Hurdles: 5 Overlooked Challenges Facing Cannabis MSO Expansion
Multi-state cannabis operators, or MSOs as they’re referred to in the industry, are at the forefront of cannabis expansion. Oftentimes MSOs are people’s first access to cannabis in medical and... Read More
What Insurance Do Cannabis Multi-State Operators Need?
As more states come online, multi-state operators will expand their businesses rapidly. Here's what MSOs need to stay protected. Read More
Cannabis Financing: How to Secure Capital In a Cash-Only Industry
Cannabis insurance is meant to protect companies from damage that causes financial setbacks. But leaders can also use it to help secure financing in this tough, cash-only industry. Here's how. Read More
New York Approves First Round of Cultivator Licenses
New York regulators approve the first round of cultivator licenses to prepare for the future industry demand. Here’s the changes you can expect. Read More
Ask a Question
We’re here to help. Whether you’re looking for expert advice or need clarification, our team is ready to assist. Reach out, and let’s find the answers together.
