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
Michigan
In 2008, Michigan voters approved the Michigan Medical Marihuana Act permitting patients diagnosed with specified medical conditions to use and cultivate marijuana. The Department of Community Health has specified such debilitating medical conditions as cancer, AIDS, hepatitis C, Crohn’s disease, Alzheimer’s and multiple sclerosis as eligible. Other diseases or conditions that cause severe and chronic pain, cachexia, seizures or nausea may also be eligible for medical marijuana treatment at the discretion of the Department. With approval, patients or their designated caregivers may possess up to 2.5 ounces of usable marijuana and grow up to 12 marijuana plants in an enclosed, locked facility.
Patients with approved medical conditions must register with the state’s Michigan Medical Marihuana Program, which requires a $100 application fee. Though the Michigan Medical Marihuana Program (MMMP) is the governing body of medical marihuana in the state, the MMMP does not offer information about the growing process or provide other resources on how patients can acquire medical marijuana.
The possession or use of marijuana by an unauthorized person is punishable as a misdemeanor with up to 1 year in jail and a fine of up to $2000. Cultivating marijuana in any quantity without a medical authorization is considered a felony. Though gifting marijuana is a misdemeanor, selling any amount is a felony punishable by imprisonment and hefty fines. Michigan also enforces a zero tolerance policy for driving under the detectable influence of marijuana or other illicit drugs.