Cannabis Crop and Cultivators Insurance
Medical marijuana crop insurance coverage for small, medium and enterprise-level cultivation operations, including greenhouses and nurseries:
- General Liability Coverage
- Workers Compensation
- Buildings/Equipment/Crops
- Transit/Delivery Coverage
- Theft/Fire/Vandalism
- Wind/Hail/Falling Objects
- Other Standard Perils
- Finished Stock/Marijuana
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Dispensary, Cooperative, Caregiver & Collective Insurance
MMD Insurance offers a range of insurance options for dispensaries, collectives, cooperatives and caregivers including:
- General Liability Coverage
- Property Insurance
- Commercial Vehicle Coverage
- Workers’ Compensation
- Payroll Services
- Financing Available.
- Get A Quote Now »
Medical Marijuana Professional Liability Coverage
Protects the insured against claims made by clients for potential negligence or failing to adequately perform contracted professional services.
Sometimes referred to as Professional Liability/Errors & Omissions or Professional Indemnity Insurance, this coverage is typically excluded from a general liability or business owners policy.
Provides protection for attorneys and legal professionals working specifically in the medical cannabis industry.
Product Manufacturers and Cannabis Vendors
Cannabis product developers and commercial kitchens face challenges unique to the cannabis industry. From product liability to stock coverages, MMD Insurance understands the intricacies and details of running and insuring a cannabis business.
- Equipment Breakdown
- Stock Spoilage
- Business Property
- Finished Stock, Marijuana Theft and Fire
- In-Transit/Cargo Coverage
- Product Liability Coverage
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Commercial Auto and Marijuana Delivery
The transport and delivery of medical marijuana stock and related products poses challenges unique to the Cannabis Industry. Don't risk your inventory with inadequate auto coverage. MMD Insurance has designed commercial auto coverages specifically for medical cannabis businesses.
- Limits $15/30 to $1 Million – CSL
- In-Transit/Cargo
- $100-$10,000 Product/Money
- Hired and Non-Owned
- Workers Compensation
- Finished Stock/Marijuana
- Employee Dishonesty
- Get A Quote Now »
State Raids and Legal Defense Insurance
Legal Defense Costs Reimbursement applies to arrest or charges brought against the insured by a Governmental Authority arising from the possession, transportation, cultivation or distribution of medical marijuana or marijuana derivatives and for which the insured pleads not guilty and believes they have a legal right to do so under state and local guidelines. The insurer becomes liable to pay incurred fees no sooner than 60 days after the earliest of the following:
- Insured pleads "not guilty" to all charges
- The charges are dismissed
- Insured is found not guilty of all charges
The maximum limit to liability under the Governmental Action Reimbursement Endorsement is $5,000 per occurrence and $10,000 aggregate.
Medical Marijuana Property and General Liability Insurance
MMD Insurance provides comprehensive insurance coverage options for business operating in the medical cannabis industry. Protect your investments with a business insurance program uniquely designed for your industry and your business needs.
- Cannabis Workers' Compensation
- Equipment Breakdown
- Business Property
- Loss of Income
- Money and Securities
- Employee Dishonesty
- Glass Coverage
- Tenant Improvements
- Computer Equipment
- Get A Quote Now »
News by State
Defining Cooperatives and Collectives
It seems there is some gray area, in California at least, for the definition of "Collectives" or "Cooperatives" in regards to operation of Medical Cannabis dispensary operations. While Cooperatives must file articles of incorporation with the State to conduct business in California, the California Attorney General, in the Guidelines for the Security and Non-Diversion of Marijuana Grown for Medical Use, declares that the law does not define collectives; the Attorney General uses the "dictionary definition" of a collective in its guidelines. So what does this mean for cultivators, dispensaries and caregivers and how should they structure their organizations to best protect their members and their continued success?
Collectives, as it is understood, are not privately owned, but rather the "collective" output of members; nothing is bought or sold and nothing is owned. Fees, costs and production are borne by the collective, with the collective output going to benefit the group and its continued operation. The apparent lack of a definitive concept of a collective may lead to ongoing legislative and operational difficulties associated with collective operations.
In contrast to Collectives, Cooperatives engage in a "buy/sell" arrangement with Cooperative members. Each member of the Cooperative owns his or her own land and products and sells them to the Cooperative, which then distributes the products for costs designed to cover operational expenses and the costs of production. While this system is more familiar and comfortable, by Western free-market standards, the pressures from the black market on price might not benefit patients and caregivers involved in cooperatives as much as the less "price-influenced" Collective scenario.
Regardless of whether a group opts to establish or maintain a Collective or Cooperative, certain steps are required by state legislators to establish legitimacy. These steps, along with others required by County or City officials and perhaps landlords of leased properties, require dispensary operations to maintain similar, if not more stringent, standards as other types of businesses. Business Insurance is often one such requirement, and Statewide Insurance Services, MMD Specialty Division has been working with dispensaries, cultivators and A-rated insurance companies to continually provide business insurance coverage specifically catered to meet the operational needs of Collectives, Cooperatives and growers in California, Colorado, New Mexico, Nevada and other states permitting the use of Medical Cannabis. Statewide continues to work with organizations in other states preparing to permit the consumption of cannabis for medicinal purposes, in order to provide exceptional coverage options to operations once they have state and local approval to proceed with their operations.
Statewide Insurance Services, MMD Specialty division remains at the forefront of the Medical Cannabis Industry and provides an added level of much-needed legitimacy to the business efforts of the community.
Read the Guidelines for the Security and Non-Diversion of Marijuana Grown for Medical Use, published in August 2008 by the California Attorney General, for more information regarding Collectives, Cooperatives and Dispensary Operations.