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Medical and Recreational Marijuana Business Insurance

Our Experience.  Since 2009, Colorado based Greenpoint Insurance Advisors, LLC has provided medical and recreational marijuana business insurance to hundreds of cannabis businesses from approved insurance carriers. 

What makes us unique:

  1. Started from scratch as a privately held insurance brokerage insuring clients one at a time.
  2. No intention of being the biggest marijuana insurance brokerage.  However, we do want to be the best at it. 
  3. Our mission:  Professional treatment of the marijuana industry with honesty, respect, and legitimacy.
  4. We operate without conflicts of interest, affiliations, or ownership positions in other marijuana companies.
  5. We help provide clients with proper insurance coverages.  We believe in helping clients manage their risk exposures.        
How to Buy Cannabis Insurance 
Cannabis Operations 
  • Medical Dispensary
  • Medical Cultivation
  • Medical Infused Products Manufacturer
  • Medical Ancillary*

*Subject to individual evaluation

  • Retail Recreational Store
  • Recreational Cultivation
  • Recreational Infused Products Manufacturer
  • Recreational Ancillary*
Types of Insurance Coverages or Products
  • Sewer Backup
  • Signage
  • Non-Owned Automobile
  • Business Income
  • Excess Liability
  • Bonds
  • Cash Coverage (“New”)
  • and More

Cannabis Product Liability Insurance Carrier Declining Applicants who Manufacture or Distribute Foreign Made Vape Pens

©2016 Copyright All Rights Reserved The latest underwriting requirement from a major cannabis product liability insurance carrier has them saying no to cannabis companies that apparently manufacture or distribute foreign vendor products such as vape pens.   The majority of the cannabis industry most likely buys vape pens from China.  Essentially, the insurance carrier is… Continue Reading

Considerations when Buying Marijuana Insurance from Attorney Bob Hoban

Use an Experienced Insurance Agent when Purchasing Cannabis Commercial Insurance In this video, cannabis business lawyer Mr. Bob Hoban from Hoban & Feola, LLC offers his perspective for cannabis business owners on procuring the right types of business insurance.  Mr Hoban suggests starting with an experienced insurance professional that specializes in the marijuana industry.  … Continue Reading

Washington I-502 Cannabis Licensees Not Required Statutorily to Buy Product Liability Insurance

Washington Liquor and Cannabis Licensing Board Provides Guidance  The Washington State licensing department has confirmed with Greenpoint Insurance Advisors, LLC after our request, product liability insurance is not required for I-502 licensees.  Washington Liquor and Cannabis Board licensing representative indicated the following :  The statutes do not require a marijuana business to have product liability… Continue Reading

More Pot Consultants Being Asked to Prove Are They Insurance Worthy

But, proving the right type of coverage exists can be difficult  There are many consultants in the cannabis industry who offer professional services when their advice as a consultant is relied upon by others.  They could offer advice for testing, cultivation, and compliance.  Historically, the need to prove these consultants were insured was overlooked either… Continue Reading

Don’t Test Your Cannabis? Product Liability Insurance Carriers Will Just Say No

Testing Required for Product Liability Insurance  The majority of cannabis product liability insurance companies now require their applicants to test their product.  This means your cannabis product has been tested at an independent lab or possibly in-house depending on the insurance carrier.  If you don’t test your product, the insurance carrier will decline your insurance… Continue Reading

SETTLED! Lawsuit Against Insurance Carrier Over Pot Plants, Bad Faith, and Breach of Contract not Going to Trial

 THE GREEN EARTH WELLNESS CENTER, LLC , Plaintiff V. ATAIN SPECIALTY INSURANCE COMPANY, Defendant Avoids Trial ©2016 Greenpoint Insurance Advisors, LLC A lawsuit filed by Green Earth Wellness Center LLC (“Green Earth”) against their insurance company has been settled according to court documents.  The original complaint filed by Green Earth sought relief for breach of… Continue Reading

Insurance Carrier Offering Pot Product Liability Insurance Downgraded

Knight Specialty Insurance Company Receives B++ Rating A.M. Best has recently downgraded Knight Specialty Insurance Company (“Knight”) from  A- (Excellent) to B++ (Good) .   Knight is an insurer of product liability insurance to the marijuana industry through a California based Excess & Surplus Lines Broker.  The press release does not indicate any concern for the risks… Continue Reading

Are you Covered or Not Covered for Product Liability on your Existing Cannabis Insurance?

EXCLUDED is the Ultimate Buzz Kill for Product Liability  A review of typical commercial general liability insurance policy in the cannabis industry will most likely reveal product liability is not covered by the insurance carrier.  You might be thinking I thought I was covered if someone sued me after smoking my weed.  Most likely not… Continue Reading

Departure of Cannabis Insurance Carrier Leaves Current Customers Shopping for Coverage

Increasing your Current Coverage will mean Seeking a New Insurance Carrier As previously reported, Mesa Underwriters Specialty Insurance Company (MUSIC) not only is exiting the cannabis industry, but no longer offering endorsements or changes to their existing policy holders.  MUSIC had been a cannabis insurance provider in different geographical markets for several years.  Their decision… Continue Reading

Requirements by Insurance Companies Changing How the Cannabis Industry does Business

Many Hoops to Jump Through When Applying for Cannabis Product Liability Insurance The cannabis insurance industry is rapidly evolving with the industry it serves with lengthier applications, complicated questions, and the inclusion of those applications with the policy.   In case you didn’t know, the latter could be meant by the insurance carrier to use… Continue Reading

DISCLAIMER: Material presented by Owner website is intended for information purposes exclusively. It is not meant for professional insurance or legal advice, to induce or solicit new clients, and shall not be construed as such. Each individual situation is unique and requires a licensed insurance broker or attorney in your state to evaluate and recommend insurance or provide legal advise respectively. Each insurance company, policy, and broker are unique with their terms,conditions, and product offerings placing the responsibility of the user to conduct and rely on their own due diligence.