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The Grass Is Greener: Seizing the Opportunity in the Marijuana Insurance Market

2020 Webinar - The Grass Is Greener: Seizing the Opportunity in the Marijuana Insurance Market - July 9

The US Congress appears to be on the verge of liberalizing federal banking and drug laws, paving the way for insurers to more confidently enter the rapidly growing market for legal marijuana insurance. This session will provide a framework for identifying and analyzing marijuana-related loss exposures, enabling underwriters and actuaries to develop policy forms, underwriting guidelines, and rating plans. It also will identify public sources of marijuana loss data. Based substantially on an analysis of more than 800 marijuana-related loss events, this session will address:

  • Liability exposures along the marijuana supply chain (growers, processors, labs, dispensaries/stores)
  • The marijuana-related liability exposures of employers (employees, 3rd parties)
  • Significant loss trends
  • Sources of data
The session also will highlight significant similarities and differences among state marijuana laws and regulations and will provide a brief overview of the current marijuana insurance market.