Cannabis Business Insurance Coverage Checklist
The coverages a cannabis business business may carry — core, prevalent, and situational — why each matters, and the gap most often missed.
Pull out your current policy and check the box next to any coverage you can confirm is already in place — anything unchecked is worth a quick conversation with your advisor. Coverage checklist for licensed cannabis and hemp-THC businesses. Priorities reflect typical exposure; confirm against license type and products.
Tick each coverage you can confirm you carry — anything left unticked is a good question for your next policy review.
| Have it? | Coverage | Why this business needs it | Priority |
|---|---|---|---|
| Commercial General Liability (Cannabis-Specific) | Standard GL forms often exclude cannabis — confirm the policy is written for it. | Core | |
| Products Liability | Covers claims from products sold, including vapes and edibles. | Core | |
| Commercial Property (incl. | Stock / Crop) Covers building, inventory, and — where available — growing crops. | Core | |
| Crime / Money & Securities | Covers cash theft and robbery. | Core | |
| Product Recall | Covers recall costs after a failed test or contamination. | Prevalent | |
| Workers' Compensation | Required in most states. | Core |
The coverage gap most often missed
The most commonly missed gap for this class is a policy that doesn't match the business's federal status. State-medical marijuana moved to Schedule III in April 2026, adult-use marijuana is still Schedule I, and most intoxicating hemp products lose hemp status under federal law in late 2026 — so a policy written for one category may not respond to another. Businesses should confirm coverage is written for their exact license and products.
Send us the checklist and we'll review your cannabis business coverage line by line, then market it across multiple carriers that compete for your account.
Related: Cannabis Business Insurance · Cannabis Business Supplemental (apply) · All coverage checklists
Frequently asked questions
What insurance does a cannabis business business need?
The core coverages for a cannabis business business are Commercial General Liability (Cannabis-Specific), Products Liability, Commercial Property (incl., Crime / Money & Securities, Workers' Compensation. This checklist also lists the prevalent and situational coverages worth considering, with a plain-English note on why each matters.
Is this checklist insurance advice?
No. It is a free educational tool to help you have a more informed conversation with a licensed professional. It affords no coverage and is not insurance, legal, or financial advice — only your actual policy language governs what is and isn't covered.
Can Cory Washington & Co. review my cannabis business coverage?
Yes. Share your checklist and we'll review your program line by line, market your account across multiple carriers, and explain the trade-offs in plain English. Cory Washington & Co. LLC is licensed in all 50 states.
This checklist is a free educational tool from Cory Washington & Co. to help you review your own coverage and have a more informed conversation with a licensed insurance professional. It is general information only — not insurance, legal, or financial advice, and not a recommendation to buy, change, or cancel any policy. Coverage terms, availability, limits, and requirements vary by policy, carrier, and state, and only the language in your actual policy governs what is and isn’t covered. Checking or leaving blank any item above does not indicate that you are adequately insured or under-insured. Using this checklist does not create a client, agency, or fiduciary relationship. Always consult a licensed professional about your specific situation.