Medical marijuana dispensary owners are vulnerable to some exposures that are unique to their business and product, but they also face many of the same exposures as other businesses, such as general liability and employment practices liability and data breach.
Some in the insurance industry have been hesitant to work with the medical marijuana segment because of the high risk and constantly changing state laws. However, the demand for coverage has increased in recent years and more insurance companies are looking into how they can specialize in this class.
In this edition of Markets in Motion, MyNewMarkets.com
Associate Editor Amy O'Connor speaks with Burns & Wilcox
in Sacramento, Calif., about how they are working closely with dispensaries to make sure their coverage needs are met, and with a Sacramento dispensary owner about how her insurance agent has helped protect her business.