Throughout the nation, marijuana is becoming more widely available – recreationally and medically. This market is ripe for the picking, hence the growing number of cannabis dispensaries popping up everywhere.
Whether you grow marijuana, run a dispensary, or both, it’s more important than ever to have comprehensive cannabis dispensary insurance in place – including general liability coverage, workers’ compensation, and more.
As an expert commercial insurance brokerage, founded in 1994, HCP National can help you find comprehensive insurance that suits your requirements and budget. From the changing legal landscape to unforeseen obstacles, we’ll make sure you’re covered.
Ready to get started? Click here to get a dispensary insurance quote!
At HCP National, we offer comprehensive, affordable claims-made and occurrence policies and surety bonds to cannabis operations, including dispensaries and growers.
Some of the options and their key benefits include:
This policies are available to businesses operating in: AZ, CA, CO, FL, IL, MA, MD, MI, MN, ND, NJ, NM, OH, PA, and WA.
These bonds are available in every state that requires bonds (except for Michigan attestation bonds).
Changes in regulation and rising demand are causing the cannabis industry in the United States to grow and evolve rapidly. As of mid-2024, 38 states have legalized medical marijuana, while recreational marijuana is legal in 24 states. However, since marijuana is still classified as a Schedule I controlled substance by the federal government, operating a cannabis business isn’t simple.
To operate legally, cannabis dispensaries must adhere to strict regulations imposed by state and local governments. These regulations typically govern things like licensing, security, product testing, packaging, labeling, advertising, and sales to minors. Depending on local laws and permits, retailers can serve recreational and/or medical customers.
Plus, challenges with banking restrictions and interstate commerce limitations are not uncommon – not to mention the many other inherent risks that come with running a dispensary business.
Despite all of this, the number of cannabis dispensaries in the United States is only growing! In 2024, there are roughly 15,000 dispensaries nationwide.
In this increasingly competitive industry, having the right coverage has never been more vital. If you have a marijuana dispensary in need of an insurance policy, you’re in the right place. Click here to get started!
With all the legal and regulatory nuances associated with the cannabis industry, cannabis retailers and growers must be covered for a wide variety of risks.
Cannabis insurance policies are customizable, but dispensary insurance can include the following coverages:
As you can see, cannabis dispensary insurance coverage can protect your business from many inherent risks and liabilities. Contact us today for a quote!
Here are some example scenarios of claims that may be covered by a cannabis dispensary’s insurance policy:
We can help you secure comprehensive, affordable coverage. Click here to get started!
If your dispensary requires cannabis dispensary insurance, look no further than HCP National Insurance Services, Inc. Founded in 1994, we’re proud to be the largest independent and certified minority-woman-owned insurance brokerage in the country (WBENC & MBE).
Our number one priority is to help you find the best coverage and terms, at the lowest possible cost.
From cannabis general liability to workers’ compensation to surety bonds, HCP National is here to serve all of your dispensary’s commercial insurance needs. Get your quote now!
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