Cannabis Insurance

From cultivation and production to THC product development and distribution, companies operating in the cannabis industry must be adept at navigating emerging risks. Relm specializes in cannabis insurance solutions that address the specific needs of this growing market. Whether managing operational exposures or navigating regulatory complexities, we provide cannabis liability insurance and tailored business coverage to help companies thrive.

RELM insurance emerging risk insurance for cannabis industry

Cannabis Coverage Built for Innovators

Cannabis Industry Risks

01

Regulatory Compliance Challenges

The cannabis industry operates within a complex and shifting regulatory environment, with varying laws across states and countries. Improper labeling, failure to meet THC potency standards, or issues around packaging requirements can result in significant penalties. Our cannabis insurance solutions help businesses manage compliance risks with confidence.
02

Product Liability Exposures

From THC edibles to concentrates, liability claims can arise from many unforeseen outcomes. For instance, products may contain higher-than-expected THC levels or mislabeling can mean consumers unknowingly ingest a product containing THC while expecting something non-psychoactive. We provide cannabis liability insurance to shield businesses from these challenges.
03

Operational and Production Risks

Cannabis production insurance mitigates losses from equipment failures, crop damage, disruptions in the supply chain, or theft. Warehouses that store high-value cannabis products are vulnerable to theft that may not be covered by traditional insurance. Our coverage helps businesses stay operational by insuring against a suite of cannabis-specific risk to support long-term operational resilience.
04

Cannabis Fraud and Counterfeiting

The cannabis industry is vulnerable to fraud, including counterfeit products and falsified THC content. Adulterated goods can infiltrate the market, putting businesses at risk. Traditional insurance often lacks the specific coverage needed to address these threats. Our tailored policies are designed to cover risks unique to the cannabis industry, ensuring that critical functions are protected where standard insurance falls short.