Cannabis/Hemp/CBD Insurance Produced for the State of Nevada
Developments in the Cannabis Industry in Nevada
What happens in Nevada, stays in Nevada – except when it comes to groundbreaking legislation. The Nevada Marijuana Legalization initiative, also known as Question 2, made headlines across the country November 8, 2016, by legalizing the recreational use of cannabis for individuals 21 and over – except on the Las Vegas Strip.
Medical cannabis was already legalized in the state with the passage of Question 9 in 2000. With the recent addition of recreational usage in Nevada, however, the weed industry is expanding in the areas of production, processing, and dispensary. It may seem like a gamble to invest in such a trendy industry, but with proper protection your assets can remain protected.
Producing Insurance Coverage for Nevada Cannabis Producers and Distributors
Insurance protection, specifically for cannabis producers and distributers, can be a complex seed to plant. These complexities can be reduced by working one-on-one with a knowledgeable insurance agent.
At Mosaic Insurance Alliance, LLC, we stayed on top of developments in the state of Nevada, and decided to expand our offerings to our Nevada neighbors. Previously, we rolled into the cannabis industry within the confines of Washington, but now work closely with clients in surrounding states.
We Don’t Gamble on Protection for Nevada Marijuana Producers and Distributers
Even before coverage is established, our agents work closely with clients to review specific operations. The approach we take toward insuring a smoke shop versus an individual or business that manufactures weed is different due to differing needs for protection. Together, we align a cost-effective insurance strategy based on your needs.
There are many circumstances that influence the ultimate protection issued – such as, if you are cultivating cannabis indoors or within a greenhouse. Once risks are properly identified, we can plant a foundation of coverage within our cannabis retail insurance initiative. Coverages available to Nevada residents and businesses include, but are not limited to:
- Marijuana Crops
- Finished Stock
- Governmental Action
- Equipment Breakdown
- Indoor Grow Equipment
- Outdoor Grow Equipment
- Business Income
- Transit/Cargo Coverage
- Tenant Improvements
- Commercial Auto / Delivery Vehicle
Marijuana-specific coverage offerings may complement a traditional business insurance policy. An agent can review these specifications and address the ability to pair policies. We can also address coverages traditionally relevant to individuals in Nevada, including cannabis growers insurance, business income insurance, and cannabisprocessor insurance.
To gain insight into cannabis insurance and our complete array of offerings, please contact our agency.
Is Cannabis Insurance Available Near Me?
As the effects of Question 2 come about, agents at Mosaic Insurance Alliance, LLC remain committed to growing and evolving within the industry.
As a business member of the Marijuana Business Association (MJBA), we frequently discuss protection strategy with fellow leaders in the cannabis industry. When changes occur, our agents smoke out the relevancy and communicate updates directly to clients.
Our goal is to take the haze out of insurance for your pot operation, stripping out the complexities. Sign up for our informative newsletter by clicking here. To begin rolling out a cannabis insurance policy, request a quote.
- Information on Securing a Medical Marijuana Identification Card and Guides for Related Groups (Nevada Division of Public and Behavioral Health)
- Cannabis Industry Resources (The National Cannabis Industry Association)
- Medical Marijuana Details and Materials (The Medical Marijuana Association)