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Insurance in the cannabis sector

On May 12, Business of Cannabis hosted another important virtual event serving the cannabis sector, especially in Canada. Specifically, along with our partners at Gallagher in Canada, we hosted an event titled: Insurance in the Cannabis Sector.

Select segments from the program can be found below, including:


Welcome from Business of Cannabis

Jay Rosenthal, co-founder of Business of Cannabis provided a welcome to attendees and provided an overview of the program.


Briefing on Claims in the Cannabis Sector

David Kerr of Gallagher in Canada and Kelli Hunt of New Wave Insurance Canada provided a briefing focused on insurance claims in the cannabis sector in Canada and the latest trends and insights.


What you need to know about D&O insurance

Mike Naughton from the Gallagher in Canada team provided an overview of what you need to know about Directors and Officers (D&O) insurance. D&O is absolutely critical for those leading companies in fast-paced, emerging sectors – and especially in cannabis.


How to think about insurance as a micro-cultivator and micro-processors

David Kerr and Leslie Ducommun of Gallagher in Canada shared insights into how to think about insurance for micro-cultivators and micro-processors on the Canadian cannabis landscape.


🔒 Risk Management Report • Produced in partnership with RELM
Prohibition Partners RELM
📊 New Report Available Now

Relm Risk Briefing: Cannabis 2026

The global cannabis sector has moved from experiment to enterprise. This comprehensive risk briefing examines how regulation, insurance, and operational practices intersect across the international supply chain, drawing on insights from RELM—the only insurer entirely dedicated to the cannabis industry.

What's covered

  • 🌱 Cultivation risk management — biological contamination, environmental instability, and security protocols
  • ⚗️ Manufacturing & extraction — GMP standards, in-house testing, and quality control measures
  • 🔬 Testing & compliance — rigorous protocols ensuring product safety and regulatory adherence
  • 📦 Distribution & logistics — GDP-aligned transport, route monitoring, and cargo insurance
Key focus areas
Cultivation Manufacturing Testing & QC Packaging Distribution Retail & Pharmacy
100% free • Comprehensive risk analysis

Key insights

Industry Maturity Cannabis has evolved from patchwork markets to international enterprise, with risk management now the measure of long-term stability.
Cultivation Challenges Operators addressing biological contamination through controlled-environment agriculture, tissue culture, and IPM protocols.
Quality Control GMP adherence, in-house testing, and selective supplier relationships emerging as critical control points.
Supply Chain Security GDP-aligned transport, route monitoring, and comprehensive insurance remain essential safeguards.
Market Access Initiatives stabilizing domestic supply and expanding pharmacy training improving patient and consumer access.
Produced by Prohibition Partners in collaboration with RELM—the only insurer dedicated to emerging industries like cannabis.
Partnership
Produced by Prohibition Partners in collaboration with RELM

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