Tailoring New Jersey cannabis insurance needs for hemp farmers, medical marijuana distributors, CBD topical producers, and the like.

Are you a cannabis producer, hemp grower, CBD retailer, or medical marijuana shop owner in New Jersey? Then you know that New Jersey is new to recreational cannabis, having passed its legalization in 2021 and began sales in April 2022. You also know that New Jersey passed medical marijuana use only a few years prior to that in 2019. While New Jersey is new to the cannabis industry, Mosaic Insurance is not. We have been selling cannabis insurance in Washington since 2012, and since then we have expanded our services to other states as they joined the legalization world. We are ready to help your New Jersey marijuana business with insurance.

New Jersey and the legalization of cannabis.

New Jersey is one of the states that has legalized both medical marijuana and recreational cannabis. Medical marijuana was voted for in 2018 and passed in 2019, while recreational was voted for in 2020, passed in 2021, and began sales in 2022. Being newer to the recreational marijuana market, New Jersey is still developing laws and regulations. If you are a cannabis business in New Jersey, we recommend that you stay up to date with information on the medicinal cannabis government website. After all, as a business owner you want to be updated on the new changes that impact your business and you want to ensure that your company is always in compliance.

Ensuring your success with the New Jersey cannabis industry

As a cannabis company owner, you need to be constantly in the loop on the new laws and regulations of your state. An independent insurance agent can be a great resource to have in your corner. Insurance brokers can help you abide by state laws, get the insurance that you need from the start, and be there ready to help you if laws change.

Mosaic Insurance Alliance knows how to handle change in the cannabis world. Our home office is in Washington—one of the first states to legalize medical and recreational marijuana. We have a fully developed cannabis department that has been specializing in writing cannabis insurance policies since 2012. Different state regulations are also well-known to our team, given that we write marijuana insurance in 10 states. We are also a business member of the MJBA, allowing us to continuously meet with leaders of the medical and recreational marijuana industry and share coverage options from different insurance companies.

Our knowledge, experience, and interaction in the cannabis industry helps you and other business owners know and understand cannabis coverage options. Insurance is a complex topic that changes throughout the years, so we know what to do to help you stay protected while you expand and go through your own changes.

Types of cannabis business insurance in New Jersey.

Mosaic can provide you with general liability and product liability, as well as other coverages for your different business needs, such as:

Marijuana retail insurance.

Marijuana stores and retailers need to take thorough security measures to help ensure the stability of their company. State-of-the-art equipment and tried-and-true methods are the bread and butter for many successful cannabis businesses—stable business insurance helps protect those investments.

Marijuana grower insurance.

Mosaic Insurance knows that producers are different from retailers. We know that plants are expensive and have a high value. We also know that they can make or break a business. Just like how the risks are different for indoor or outdoor marijuana plants, each business model has their own risks. Customization and tailoring coverage to fit your needs is what Mosaic Insurance Alliance is all about. Let us determine the right coverages for you based on your specific operation and the risks that come with it.

Business income insurance or business interruption coverage.

Even though we would like business to always go smoothly, that is definitely not the case. Business income insurance, also known as business interruption coverage, helps protect your company if it gets interrupted for various reasons and you can’t grow, harvest, or distribute. A halt in your process(es) can cut off income significantly or even entirely. Losing funds can mean having to layoff employees as well as your business going under. We care about you and your company—we do not want to see that happen. That is why we recommend comprehensive business income insurance for all marijuana growers, producers, and sellers. We are ready to help you with this coverage! Reach out to us.

Marijuana processor (also known as manufacturer insurance).

Every company faces risks—whether you have one task like processing, or you perform multiple tasks and functions like manufacturing and retail. Almost every marijuana business needs general liability and product liability insurance. The choice is up to decide if you want something like a $1 million policy to get you started, or a more extensive policy for security as your business grows. Mosaic will review your needs and help you determine the amount of protection you need. Factors like daily functions and your expansion level help determine protection amounts. Mosaic is ready to help you determine the coverages that are right for your business.

Helping you buy top-notch cannabis insurance in New Jersey.

The cannabis insurance agents at Mosaic Insurance Alliance will help you manage risk. We are here to assist you in the purchasing process and answer any questions that you might have. We will help you get the coverage that you need for your New Jersey cannabis business so that you are free to expand your company as you see fit.

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As an independent agency, we are here to help you find the right New Jersey Cannabis Insurance coverage.