Cannabis Extraction Methods – What Insurance Brokers Need to Know When Placing Coverage
White Paper Summary
The cannabis industry is growing. As more insurance carriers expand coverage offerings to these types of enterprises, brokers are presented with new opportunities to put more business on the books. But the commercial cannabis industry is complex. As more brokers market to cannabis operations, there are critical areas of concern that should be addressed when considering coverage —one being extraction methods.
Given this emerging market, brokers may not have all the facts when it comes to the method of extraction a business operation is using. Moreover, extraction terminology in the cannabis industry isn’t consistent, and that can lead to issues for brokers when placing coverage and in claim situations.
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