Cannabis State of the Market

The cannabis industry continues to grow rapidly. It’s expected to be worth $134.4 billion by 2030. With that kind of growth, it’s clear the industry is shedding its taboo status in some areas, but many insurance carriers are still hesitant to consider cannabis coverage, and the majority of insurance business finds a home in the E&S marketplace. In this episode, Scott and Amanda are joined by members of CRC San Francisco – Associate Broker Michele DeLuca, Vice President & Broker, Drew Taylor, and Dixie Noel, Senior Vice President & Broker. They’re going to shed some light on the cannabis insurance landscape for us.

Featuring:
Michele DeLuca - Associate Broker, CRC San Francisco
Drew Taylor - Broker & Vice President, CRC San Francisco
Dixie Noel - Broker & Senior Vice President, CRC San Francisco

Visit REDYIndex.com for critical pricing analysis and a snapshot of the marketplace.

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Chapters

• 1:33 "Pot Quiz"
• 5:41 What does the insurance marketplace look like for cannabis right now?
• 6:57 What kind of new products, services, or other changes are you seeing?
• 9:57 What are the biggest obstacles when it comes to insuring cannabis businesses?
• 11:18 Are there some common or significant claim drivers within the cannabis industry?
• 12:36 What are the top questions you seem to get from retail agents or insureds?
• 16:35 How does working with the right wholesale broker make a difference for agents and clients?