Covering Your Cannabis: Marijuana Crop Loss Insurance Offered

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Graphic: Statewide Insurance Services

​A California-based insurance company says it is now offering cannabis crop loss insurance from coast to coast, targeting the rapidly growing medicinal marijuana business.

Statewide Insurance Services Medical Marijuana Specialty Division provides what the company says is “the only, nationally available insurance coverage designed specifically for the medical marijuana industry.”
The company is “revolutionizing the cannabis industry with its nationwide program covering growers and their products,” according to a press release.

“Statewide Insurance has been recognized by industry leaders across the country for innovative insurance programs and a commitment to the future of medical cannabis in the U.S.,” the release reads.
According to Statewide, the new insurance plan has captured the attention of medical marijuana growers and other professionals in the field of cannabis cultivation.
“Our mission is to provide quality assurance and safety protocols in the area of cannabis research and testing,” said Dr. John Oram, deputy director of Collective Wellness of California. “Statewide Insurance provides our team a valuable resource in our efforts to create necessary standards for the cannabis industry.”

Photo: Statewide Insurance
Mike Aberle: “Statewide Insurance is fully prepared to lead the way to a successful cannabis future”

​Members of the medical cannabis community, from growers and distributors to dispensary operators and advocacy groups, can now protect themselves against the risk of loss, including theft of live plant material, according to Michael Aberle, national director of Statewide Insurance’s Medical Marijuana Specialty Division.
“There is a synergy building in the cannabis industry today,” Aberle said. “Statewide Insurance is fully prepared to lead the way to a successful cannabis future.”
Max Del Real, a cannabis lobbyist with California Capitol Solutions, agreed. “Statewide Insurance is leading the cannabis industry to the 21st Century,” Del Real said. “Their new growers’ coverage promises to be a game-changer for the medical marijuana movement and for the cannabis industry across America.”
“Statewide Insurance is committed to providing the best quality insurance coverage at extremely competitive rates for commercial growers, cultivators and other services associated with the production and distribution of medical cannabis,” the company’s press release reads.
Endorsed by the American Alliance for Medical Cannabis (AAMC), the Medical Marijuana Specialty Division of Statewide Insurance Services, Inc., develops specific insurance programs for medical marijuana dispensaries, collectives, cooperatives and cultivators across the nation.
For more information about national medical marijuana insurance coverage or for a quote on insurance for delivery services, crop loss, property and liability and other coverages, contact Medical Marijuana Speciality Division National Director Mike Aberle by email at maberle@statewideins.com or by telephone at 888-844-6222 extension 4808.
Insurance applications and additional information are also available online at www.mmdinsurance.com and www.statewideins.com.
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