Cannabis Business Insurance
The cannabis business insurance industry in Arizona is thriving, but with growth comes risk. Whether you operate a dispensary, grow operation, delivery service, or cannabis-infused product business, insurance coverage is essential to protect your investment and stay compliant with Arizona law.
At Professional Insurance Strategies, we specialize in helping cannabis businesses across Phoenix, Mesa, and Glendale get insured without the hassle or confusion. We work with carriers who understand your industry and offer customized insurance policies that meet your unique needs.
Cannabis Business Insurance in Arizona
Who Needs Cannabis Insurance?
If you operate in any of the following sectors, you likely need cannabis business insurance:
- Retail dispensaries (medical or recreational)
- Grow operations and cultivation centers
- CBD and THC product manufacturers
- Testing labs and packaging facilities
- Delivery and transport companies
- Smoke shops and cannabis accessory retailers
What Does the Insurance Cover?
Our policies can include:
- General Liability: Protection against bodily injury or property damage claims.
- Product Liability: Essential for edibles, concentrates, topicals, and smokeables.
- Property Insurance: Covers fire, theft, vandalism, and equipment breakdowns.
- Cargo/Transit Insurance: Coverage for product in transit between facilities or retailers.
- Workers’ Compensation: Required if you have employees, even part-time trimmers or budtenders.
- Cyber Liability: Protects your business if customer data is stolen or systems are hacked.
Why Marijuana Insurance Is Hard to Find
Many traditional insurance carriers won’t write policies for cannabis-related businesses due to federal restrictions. That’s why it’s critical to work with an agency like ours that partners with carriers who specialize in cannabis business insurance. We understand your compliance requirements, cash-handling concerns, and operational exposures.
How Much Does the Insurance Cost?
Pricing for cannabis insurance depends on several factors, including location, product type, employee count, annual revenue, and security measures. A basic general liability policy might start around $1,500–$3,000/year, while a more comprehensive package could range from $5,000 to $20,000+.
Get a Quote from Arizona’s Cannabis Insurance Experts
Professional Insurance Strategies is based in Phoenix and licensed throughout Arizona. We’ve helped dispensaries and growers secure the insurance they need to stay protected and compliant.
📞 Call 623-463-9000 or
📩 Request a cannabis insurance quote today
Did you enjoy this blog? Check out our other blogs related to the insurance industry.