While the legal cannabis industry is slowly spreading across the U.S. and becoming legal, regulated, and accepted in more states, one thing the cannabis industry struggles with is having access to services that most businesses have access to, including banking and insurance. Now, one company has stepped forward to offer insurance services to the Arizona market, which is very much in need.
The insurance broker M.J. Hall & Company is the carrier who offers this insurance option to the cannabis industry. Through an exclusive partnership, a product called Cannabis Businessowners Policy (CannaBOP) covers the insurance needs of cannabis business owner clients who otherwise wouldn’t be protected. The American Association of Insurance Services (AAIS CannaBOP program is the first of its kind to serve the industry in this way.
“As a national insurance advisory association, AAIS has been providing best in class forms, rules, and rating information to the P&C marketplace for over 80 years,” the company’s website explains. “AAIS surrounds traditional advisory programs with extensive industry expertise, tailored advisory solutions, modern technologies, and superior service. AAIS is the industry leader in the development and maintenance of commercial lines, inland marine, and business owners’ programs.”
Insuring Cannabis Companies
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