This presentation will provide an overview of opportunities and regulatory challenges for insurers and other insurance industry participants in the burgeoning cannabis insurance market in the US and Canada.

Insurers are increasingly looking to innovate and identify new emerging risks where they can add value and diversify their portfolios. Perhaps few are more obvious than the potential offered by the rapidly growing cannabis industries in Canada and the US. However, the legal state of this industry has been less than clear, particularly given the contrast between state/provincial and federal regulation in both countries. This brings with it a host of challenges for insurers and reinsurers, including but not limited to anti-money laundering regulations and the interplay with insurance regulations.

Nonetheless, the legal cannabis industry has grown into a billion dollar industry and with it comes a significant need for insurance solutions that affect all aspects of the property and casualty insurance industry as well as the life and accident and health industry. This presentation will discuss the legal and regulatory considerations for insuring the cannabis industry in the US and Canada, comparing and contrasting the issues in each country.

This market briefing presentation will provide an overview of opportunities and regulatory challenges for insurers and other insurance industry participants in the burgeoning cannabis insurance market in the US and Canada.