Cannabis Insurance for MRBs: Guidance on Coverage and Exclusions for Policyholders and Insurers

Summary

This practice note will address the specifics of representative insurance policies that marijuana-related businesses (MRBs) routinely need. The structure of these policies, which have elements and are structured commonly to all policies will also be discussed. However, because of the cannabis industry's newness and its novel features, applications for insurance, policy provisions, and interpretations about coverage can sometimes differ from those policies intended for other businesses.