Joseph Ziolkowski, Relm’s CEO and Founder, said: “Cannabis is no longer an experimental market. It’s a global industry with real balance sheets, real investors, and real consequences when risks emerge. This briefing reflects what we see as insurers, which is a widening gap between operators who treat risk as a strategic function and those who still see it as an afterthought. Insurance does not remove risk, but it does reward clarity, governance, and credible operations. That distinction is becoming more visible each year.”
Stephen Murphy, Co-founder and Managing Director of Prohibition Partners, said: “The cannabis industry is moving decisively from theory to reality. What were once experimental frameworks and early-stage business models are now operating at scale, with real capital, real patients and consumers, and real operational consequences. As markets mature, short-term thinking gives way to the need for durable infrastructure, credible governance, and long-term support systems. What we are seeing globally is a clear shift. The companies that will succeed are those investing early in structure, compliance, and risk management, not as a box ticking exercise, but as a foundation for sustainable growth. This is the point at which cannabis begins to resemble other regulated industries, where professionalism, transparency, and accountability determine who can scale and who cannot.”
