There’s “still a really strong need” for specialty insurance to cover cannabis businesses as well as medical professionals prescribing cannabis, according to an attorney who specializes in the sector.
Ian Stewart, a partner in Wilson Elser and chair of the law firm’s cannabis law practice team, estimates there are nearly 30 surplus lines carriers and a few admitted carriers serving the cannabis industry across the U.S.
While it has become easier for companies to find coverage, he believes that the industry is still underserved when it comes to insurance.
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Don Jergler ~ InsuranceJournal.com ~
