What is the difference between a carrier and a broker in cannabis insurance?

Answered By:
AlphaRoot Team
43 6 days ago

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 types of cannabis businesses can get insurance?

AlphaRoot Team

Cannabis businesses involved in cultivation, processing, distribution, retail, or any other aspect of the industry can typically obtain insurance coverage. This includes dispensaries, cultivators, manufacturers, and even ancillary businesses like...

57 6 days ago

Is cannabis insurance required by law?

AlphaRoot Team

Cannabis insurance is not typically required by law at the federal level, but some states may have specific insurance requirements for cannabis businesses as part of their licensing regulations. It's...

43 6 days ago

Curated News

The Future of the Psychedelics Market: What Industry Experts Expect

The Future of the Psychedelics Market: What Industry Experts Expect

As new regulations unfold regularly, we are curious about how the future of the psychedelics market will look. This is what industry experts have to say about it. Read More

New Jersey Cannabis Sales Begin Today, 4/21!

New Jersey Cannabis Sales Begin Today, 4/21!

Recreational cannabis sales are now legal in New Jersey starting 4/21/22! We have the details regarding this new regulatory development for dispensaries and adult users. Read More

What Is a Hybrid Cannabis License?

What Is a Hybrid Cannabis License?

Recreational cannabis is now legal in 21 states, while medical cannabis is legal in 39 (including the District of Columbia.) Each state is a market silo, run by its own... Read More

Cannabinoid Differences and What It Means for Insurance Policies

Cannabinoid Differences and What It Means for Insurance Policies

There is often confusion between the different types of cannabinoids. Learn more about what separates them from one another and how it impacts insurance policies. Read More

Top 5 Cannabis Podcasts to Listen to in 2024

Top 5 Cannabis Podcasts to Listen to in 2024

Discover the top cannabis podcasts of 2024 and stay informed in this fast-growing industry. Stay informed, connected, and inspired. 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.

Name