Global Broker Enters Cannabis Insurance Market

Global insurance brokerage Hub International is joining the cannabis craze with the launch of a new comprehensive cannabis insurance and risk services offering. The proprietary offering will be run within Hub’s Agribusiness & Farm Specialty Practice and will offer medical and recreational cannabis organizations - including producers, distributors and retailers - the chance to get comprehensive coverage to reduce their risks and liabilities. Despite pot still being illegal under US federal law, a total of 29 states, plus the District of Columbia, Guam and Puerto Rico, have all now legalized it for medicinal purposes, and eight states are allowing it for recreational use.