Cannabis Insurance Providers by State

At minimum: general liability, product liability, property, workers' comp, and commercial auto. Most states require proof of insurance for licensing. Cultivation operations also need crop insurance. Dispensaries need theft coverage for cash and inventory.

Federal illegality limits the carrier market, which keeps premiums high. A dispensary pays $5,000-15,000/year for general liability vs $1,000-3,000 for a comparable retail business. Premiums are dropping as more carriers enter the market, but slowly.

Most mainstream brokers can't place cannabis coverage because their carrier partners exclude it. Use a cannabis-specialized broker who works with admitted and surplus lines carriers that explicitly cover plant-touching businesses.