Regulatory Guide: Understanding the Market for Cannabis Insurance

Overview

The National Association of Insurance Commissioners (NAIC) Cannabis Insurance (C) Working Group has published this white paper to provide information to state insurance regulators, insurers and the broader public about:

• the architecture of the cannabis business supply chain
• types of insurance needed by the cannabis industry
• the availability of cannabis business insurance in state insurance markets
• the extent of insurance gap

In addition, this whitepaper offers best practices that state insurance regulators can adopt to encourage insurers to write insurance for the cannabis industry.

We thank the NAIC for sharing this whitepaper with our audience.

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