An important first: Insurance offered for MMJ grow
Post# of 36728
Posted On: 02/22/2014 8:50:16 PM
An important first: Insurance offered for MMJ growers and dispensaries in California and in states that allow the business.
"With an eye toward business in Colorado and Washington, (California-based) MMD rolled out new coverage last month that seeks to ensure that growers and dispensaries that sell their product are compensated for losses by natural disaster or by federal raid."
Insurance for Medical Marijuana Industry
Source Biz Journals
February 12, 2014
CALIFORNIA- A local insurance broker sees a business opportunity in protecting the assets of medical marijuana growers and dispensaries in California and elsewhere.
Sacramento-based MMD Insurance Services -- the MMD stands for Medical Marijuana Dispensary -- claims to be the first general insurance agency to offer comprehensive insurance for the medical marijuana industry in states that allow the business.
With an eye toward business in Colorado and Washington, MMD rolled out new coverage last month that seeks to ensure that growers and dispensaries that sell their product are compensated for losses by natural disaster or by federal raid.
The product does so by taking the exclusion for marijuana and its derivatives out of the insurance contract.
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"With an eye toward business in Colorado and Washington, (California-based) MMD rolled out new coverage last month that seeks to ensure that growers and dispensaries that sell their product are compensated for losses by natural disaster or by federal raid."
Insurance for Medical Marijuana Industry
Source Biz Journals
February 12, 2014
CALIFORNIA- A local insurance broker sees a business opportunity in protecting the assets of medical marijuana growers and dispensaries in California and elsewhere.
Sacramento-based MMD Insurance Services -- the MMD stands for Medical Marijuana Dispensary -- claims to be the first general insurance agency to offer comprehensive insurance for the medical marijuana industry in states that allow the business.
With an eye toward business in Colorado and Washington, MMD rolled out new coverage last month that seeks to ensure that growers and dispensaries that sell their product are compensated for losses by natural disaster or by federal raid.
The product does so by taking the exclusion for marijuana and its derivatives out of the insurance contract.
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