The cannabis industry is rapidly expanding and projected to be a $21 Billion Industry by 2020 and $66 Billion by 2025. This growing industry introduces a lot of unique needs in terms of insurance. The good news is, Tuscano has markets to help with these hard to place risks!
Cultivators and Growers
Medical, Food, Drink, Supplemental Manufacturers
Ancillary Products, Vape, and Paraphernalia
Infused products (bakeries, candy makers, etc.)
Butane, Hexane, High Hazard Alcohols, etc.
Some Extraction Underwriting Criteria (supplement required)
Equipment Manufacturers Listing
Segregated D1 protected room
Gas detection system
Explosion proof electrical
Separated gas storage
Third-party maintenance agreement
Operational backup generator
Inventory- Finished / Harvested Stock
General Liability to include Products Liability or Products Only Liability
Hemp, Dietary Supplements
Pet Care Products
Oils and Lotions
Foods with additives
Manufacturers or Distributors
CBD, and Cannabidiol Products
The demand for cannabis-related insurance products will only grow as more states legalize cannabis. We can also help with Allied Health for Medical Marijuana Evaluation Clinics, Excess Liability, Management Liability, and Professional Liability. Give one of our casualty underwriters a call today to discuss.