Insurance: Underwriting Cannabis


This is the fifth piece in my six-part series on Oakland Local on the business of medical marijuana

You know business is booming when insurance folks come knocking at your door. As with any business, cannabis companies must be insured, and Statewide Insurance is leading the way into uncharted territory.

According to its Medical Marijuana Specialty Division, Statewide provides “the only, nationally available insurance coverage designed specifically for the medical marijuana industry.” In fact, the division has a staff of about 10 and a dedicated cannabis point person whose role involves talking to industry leaders nationwide. It insures businesses in the 14 states with medical marijuana laws and is poised to enter other states if they legalize medical marijuana.

Read my full report at Oakland Local.

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