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
  • and More


Insurance Testing Requirements are Disconnected from What is Required and Offered in the Testing Marketplace

One Colorado Testing Facility Offers All of the Tests Required by a Cannabis Product Liability Insurance Carrier   In Colorado, there appears to be one testing facility that can offer all of these tests for Pesticides, Bacteria, Fungus, Mycotoxins, Heavy Metals, Residual Sovlents, Cannabinoid Profiles, Cannabinoid Dosage, and Terpenes.  A recent development by this particular… Continue Reading

Insurance Requirements for Medical and Recreational Marijuana Transporter

Colorado Law Now Requires Marijuana Transporters be Licensed to Move Product ©2017 Greenpoint Insurance Advisors, LLC Recently, Colorado House Bill 16-1211 was signed into law requiring medical and recreational marijuana transporters to hold a state issued licensed.  Using company vehicles, these businesses provide transportation of cannabis product from licensees and may offer the ability to… Continue Reading

New Product Liability Insurance Coverage Around the Corner for Marijuana Companies!

We just received word from our underwriting groups that more insurance carriers are just around the corner from offering product liability insurance for cannabis companies.  This product segment has been severely limited with one underwriting group dominating this segment with complex and misunderstood underwriting standards operating as a monopoly, in our opinion.   Consequently, more competition… Continue Reading

How will the Cannabis Industry Benefit if Admitted Insurance Carriers Start Insuring Marijuana?

Better Pricing, More Competition, and Innovate Insurance Products ©2017 Greenpoint Insurance Advisors, LLC All Rights Reserved The non-admitted insurance market has been the only provider of insurance products to the cannabis industry since the beginning.   These carriers have served an important role for cannabis companies who’ve required  insurance to meet lease obligations, licensing, and… Continue Reading

Question of the Week: My Insurance Agent or Broker is Forcing Me to Buy Marijuana Product Liability Insurance. Do I have a choice?

Are There Other Marijuana Insurance Companies that Offer Just Commercial Liability Insurance or Product Liability Insurance? Yes! This question was presented most recently when a cannabis grower needed commercial general liability only.  They weren’t interested in buying product liability insurance at the time due to cost constraints.  The additional premium was close to $2,800 per… Continue Reading

What Insurance Companies may want to Consider before Insuring the Marijuana Industry

By J.B. Woods, Greenpoint Insurance Advisors, LLC  © 2017 All Rights Reserved  (This article was originally published in Trusted Choice/PIIAC of Colorado) The most recent election captured the attention of the insurance industry when states like California, Nevada, Massachusetts, and Maine voted to legalize marijuana along with medical marijuana initiatives being approved in other states… Continue Reading

Is The Admitted Insurance Market Ready to Insure Pot?

The Golden State Could Be a Game Changer for the Marijuana Insurance Industry Breaking news out of California when The Californian reported California Insurance Commissioner Dave Jones wants admitted insurance carriers to insure marijuana.  This will not be an easy task for Commissioner Jones considering the fact Lloyds of London does not offer insurance to… Continue Reading

Trending in Marijuana Insurance–You Must Buy Two Insurance Products Tied Together as a Condition of the Sale

Insurance Carrier Mandating General and Product Liability Be Bought Together ©2017 Greenpoint Insurance Advisors, LLC Just imagine you visit an appliance store to buy a washer.  The salesperson says you must buy a dryer or we won’t sell you the washer.  Our store policy is to sell both appliances together.  You tell the salesperson your… Continue Reading

Recent Colorado Hail Storm May Have Surprised Cannabis Businesses with No Coverage

Hail Storm Creates Havoc for Marijuana Operations Hail the size of golf balls came crashing through windows and roofs from a recent hail storm in Colorado.  As a result, cannabis licensees and building owners who rent to them are likely to see an increase in hail deductibles in Colorado.   Even more concerning, we’re aware of… Continue Reading

Insurance Carrier Requirements for Cannabis Operations Make it Nearly Impossible to Obtain Product Liability Coverage

©2017 Greenpoint Insurance Advisors, LLC Just imagine you own a marijuana retail operation buying your product from several dozen growers.  You decide to apply for product liability insurance as you’ve developed a concern if a lawsuit or claim was to arise from your  product sold into the stream of commerce was to affect your company. … 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 must 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.