What is Cannabis Insurance?
The field of medical marijuana is still in its beginning stages, and businesses operating within this industry have particular insurance needs that companies in other areas don’t. Cannabis insurance helps protect Massachusetts dispensaries from a variety of common and uncommon risks that they’re exposed to.
Cannabis insurance policies are commercial policies that have been specifically designed to meet the insurance needs of marijuana dispensaries. Policies are generally written as package policies that offer multiple coverages, so they can provide dispensaries with robust protections.
Because the field of medical marijuana is still relatively young and insurance policies normally come with multiple coverages, dispensaries should seek out guidance from an agent who specializes in this type of insurance. A knowledgeable agent will be able to provide informed advice, and they’ll be familiar with the latest developments and trends in these policies.
What Businesses in Massachusetts is Marijuana Dispensary Insurance Right For?
The majority of marijuana dispensaries located in Massachusetts ought to have marijuana dispensary insurance in place. Not carrying a policy leaves these businesses unnecessarily and dangerously exposed to risk, and this is generally the most appropriate kind of policy for dispensaries