California has always been a very forward-thinking state. When they legalized marijuana for both medicinal and recreational purposes, they were leading the way in the nation. Now they lead the way in insurance in San Francisco, CA, too. Here’s what one company selling insurance in San Francisco, CA, is offering marijuana dispensaries, and why this insurance product is so unique.
Insurance to Protect a Dispensary
The insurance product protects a dispensary against all manner of losses, including business losses, fire, and theft. Since the products sold in the dispensary are prone to theft, fire, and potential lawsuits if customers don’t like one of the available products, dispensary owners have to have the means of protecting their business. This insurance provides owners with all the tools to protect the marijuana products, their stores, and their plants, if grown onsite.
Why It’s a Unique Insurance Product
Marijuana is a federally illegal substance, meaning that it does not enjoy the same protection under the law as many other products or services. Up until this insurance company offered this type of insurance, dispensaries had no way to protect their investments, and the federal government certainly would not reimburse them for any losses. There are no other insurance companies that would take the huge legal and financial risks involved with protecting dispensaries either, making this insurance product and its parent company a very unique one.
If you would like to know more about protecting your California marijuana dispensary business, contact Pennbrook Insurance Services, Inc., via web.
