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
- Get A Quote Now »
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
- Get A Quote Now »
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
Marijuana Infused Brownie Worth One Million Dollars
Potential for illness from edibles, medibles, topicals, beverages, etc increases a dispensary's liability. Is that pot brownie worth a million bucks?
Years ago, before California enacted medical cannabis laws, it seemed anyone could bake pot brownies in a studio apartment kitchen. The days of the gritty, resin-flavored brownie are fading as formally trained chefs, many of whom have studied at internationally renowned institutions, are entering the cannabis marketplace. These "Canna Chefs" are creating new, gourmet cannabis-infused edibles such as pasta sauces, chocolates, sodas, and beers.
After perfecting their recipes, Canna Chefs move their products into the public market through dispensaries and co-operatives. In order to meet commercial consumption standards, however, products packaged, labeled and sold to the public need to meet safety standards for quality control, and more importantly, for safety. New enterprises require new regulations, and Statewide's MMD Insurance unit is moving the industry forward to bring regulations, safety standards and protection to an emerging market.
Fact, manufacturers are responsible for the products they produce. A waiver of subrogation from a retailer does not exempt a manufacturer from product liability.
Consider the following example. A medical cannabis patient is rushed to the ER after ingesting a brownie purchased from a local dispensary. With no serious injuries, the patient is released the next day. However, after talking with friends and family about the experience, he decides to file suit against the manufacturer of the brownie and the local dispensary who sold it. Such a case could put both the manufacturer and dispenser under serious financial duress.
Protect yourself and your business by enlisting the help of an experienced company that specializes in product liability coverage for the medical marijuana industry. Premiums start as low as $750 for coverage limits of $1 million with no exclusion to health hazard. This is a specialized coverage that most other agencies cannot offer. Complete the MMD Insurance online application and get a quote within 48 hours to start protecting your future.