As a cannabis grower, business owner, or member of the supply chain, you know that the legal landscape surrounding the sale of cannabis and CBD products can be uncertain. This is why it’s essential to have a trusted insurance partner who understands the unique risks and challenges that come with the cannabis industry.

At ZRM Brokerage, we help cannabis businesses navigate the complex and constantly evolving cannabis insurance market. Our team of experienced professionals has the knowledge and expertise to help you find the right coverage for your unique needs, whether you’re a grower, retailer, or other business that supports cannabis enthusiasts.

Our access to the nation’s leading insurance carriers and excess insurance markets allows us to build a tailored cannabis insurance solution that provides peace of mind through the right coverage for your unique needs. We’ll work with you to reduce your total cost of risk and mitigate the potential for loss, all while navigating the cloudy legal landscape.

Our experience and relationships with leading insurance carriers and wholesalers enable us to offer you premier coverage across all sectors of your operation. From seed to consumption, we’ve got you covered.

• Cultivation and harvesting: As our climate changes, severe weather events continue to increase across North America and will threaten or reduce ROI for cannabis field owners and operators. Unlike with traditional crops, cannabis plant growth is not yet covered by the Federal Crop Insurance Program (FCIP) and needs to be privately insured, which can be costly and harder to find at appropriate limits and premiums. Transporting cannabis from your grow facility to an extraction or retail dispensary also comes with a unique set of risks that we can address together.
• Extraction: The hazardous chemicals used in and derived from cannabis extraction for concentrated products create an environment of elevated risk. Proper insurance is critical for reducing the total cost of risk and fostering a safe business environment.
• Retail and wholesale dispensary: As popular support grows, cannabis retail outlets are expanding into neighborhood shops and high-traffic shopping centers. While consumers enhance sales, criminals view these locations as high value targets, and the underground black market poses unpredictable external pressure and risks. Cannabis retailers statistically face theft and cyber breaches at higher rates than other organizations of a similar size. Secure policies for your retail dispensary, or for your facility that protect your investment and provide peace of mind while focusing on growth.
• Ancillary cannabis businesses: Ancillary businesses that support the cannabis industry such as providing IT, equipment, transportation and delivery, as well as consulting services to cannabis businesses are subject to some of the same risk cannabis businesses do simply by association. As cannabis isn’t yet federally legal, your existing policies may actively deny or exclude cover for the products and services you provide. Together we can evaluate your existing coverage and move your mitigation over to carriers who understand and support your operations.

Cannabis insurance is available for our clients in all US states where medical and recreational cannabis is legal. We are ready to help you access insurance carriers, claims advisors, risk services consultants and employee benefits specialists who understand your business model and want to see you achieve higher levels of success. Reach out today and let’s work to develop a tailored cannabis insurance solution that reduces costs while mitigating risk for your unique needs.