Cannabis Operations
From first license to vertical integration — coverage written by an agent who understands cultivation, dispensary, processing, and transportation operations.
From early planning through vertical integration, coverage and advocacy that follow your cannabis business at every stage.
Complete coverage that shields your cannabis business from real risks, so you can focus on growing.
From quoting to claims, we represent your interests — not the carrier's. We push back on declines and unclear policy language.
Stay ahead of evolving cannabis regulations with proactive guidance on attestations, license renewals, and state requirements.
We're here long after your policy is in place. As your business grows or shifts, your coverage moves with it through annual reviews.
Each coverage is subject to underwriting and policy form. Your specific program depends on your operation, state, and risk profile.
Protection if a customer is harmed by your products — ingestibles, vapes, concentrates. Covers legal costs and damages from defects or contamination.
Safeguards data, payments, and METRC information from breaches and ransomware. Covers recovery costs and legal fees.
Personal liability protection for leaders making business decisions. Keeps leadership focused on growth, not personal exposure.
From grow operations to retail stores — coverage for buildings, equipment, and inventory against fire, theft, and vandalism.
Vehicle coverage for delivery, transport, and on-the-road operations. Coordinates with cargo coverage for cannabis loads.
Medical, lost wages, and disability protection for employees injured on the job. Required by state law in most states.
All coverage is subject to underwriting. No coverage is bound or altered until confirmed by an authorized Spire representative.
Many cannabis businesses discover too late that their policy covers the building but excludes the actual cannabis inventory because of marijuana, hemp, THC, or Schedule I exclusions buried in the form.
A properly structured cannabis insurance program should clearly address your flower, concentrates, finished goods, plants, cash exposure, and business operations. This is one of the biggest differences between a true cannabis policy and a standard commercial policy adapted for cannabis.
At Spire, we review policy forms carefully to identify exclusions and gaps before a claim happens.
Cannabis insurance pricing is driven by several major factors including:
• Type of operation
• Annual revenue
• Payroll
• Property values
• Cannabis inventory values
• Security controls
• Claims history
• Extraction methods
• Delivery exposure
• Multi-state operations
Many businesses are also paying too much because they are improperly classified, over-insured in some areas, or missing critical underwriting information.
A strong insurance strategy is not just about lowering premium, it is about structuring coverage correctly while controlling long-term cost.
Some of the most common coverage gaps we see include:
• Cannabis inventory excluded from property coverage
• Cargo exclusions during transportation
• Ingestibles excluded under product liability
• Incorrect equipment values
• Cyber liability missing for POS and METRC systems
• No coverage for product recalls
• No crime or cash coverage
• Workers compensation issues with leased employees or PEOs
• Inadequate business interruption coverage
Many operators assume they are covered because they have a certificate of insurance. The real answer is always inside the policy wording.
Yes. Many cannabis operators outgrow local insurance programs as they expand into cultivation, processing, manufacturing, distribution, and retail.
We help cannabis businesses coordinate coverage across multiple entities, locations, and operational exposures while helping ownership teams understand how the entire insurance structure works together.
This becomes especially important for larger operators with investors, management groups, real estate entities, and transportation operations.
Claims handling is where the quality of your insurance program truly matters.
Cannabis claims often involve unique valuation issues, regulatory concerns, inventory documentation requirements, and disputes around marijuana exclusions.
Our role is not just placing coverage. We help advocate for clients during the claims process and push for clarity when coverage questions arise. We also have a claims team led by our Chief Claims Officer, Katherine Rolfe, to help with review, negotiation, etc.
The goal is helping clients avoid surprises when they need their policy most. To file a claim, visit our Claims page for more information.
Requirements vary by state, but cannabis businesses commonly need some combination of:
• General liability
• Product liability
• Workers compensation
• Property coverage
• Commercial auto
• Cargo coverage
• Surety bonds
• Cyber liability
• Excess liability
Many landlords, lenders, investors, and state licensing authorities also require specific limits, additional insured wording, or proof of coverage before operations begin.
We help clients understand both regulatory requirements and practical business risks.
“Great service and awesome people who always put our needs first. Very helpful in finding out what potential problems there could be and being proactive on getting us covered.”
Cannabis-specialty agents based in Traverse City and Detroit, working accounts across 16 states.
Vice President · CIC, CICS
Account Manager · CAWC
Schedule a quick call with a Spire agent. We'll learn your operations and walk you through what coverage looks like for businesses like yours — with no pressure to bind.
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