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Oracle RMS Insurance

Cannabis Business Insurance

Industry Insurance — Oracle RMS Insurance

Cannabis Business Insurance

Insurance for licensed cannabis producers, processors, retailers, and ancillary businesses across Canada.

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The cannabis industry presents a unique and evolving insurance landscape. Licensed producers, processors, and retailers face significant property, product liability, and regulatory exposures that require specialized coverage. Many standard insurers are reluctant to write cannabis risks, but Oracle RMS has access to specialty markets that understand the industry and can provide comprehensive coverage for licensed cannabis operations.

Who needs this coverage?

Licensed cannabis producers (LPs), micro-cultivators, processors, retailers (cannabis stores), distributors, testing laboratories, and ancillary businesses that serve the cannabis industry.

Key coverages

  • Commercial property (facility and crop)
  • Product liability
  • Commercial general liability
  • Directors & officers
  • Cyber liability
  • Crime and employee dishonesty
  • Commercial auto
  • Business interruption
  • Pollution liability

Frequently Asked Questions

Is cannabis business insurance available in Canada?
Yes. Since legalization in 2018, a growing number of specialty insurers offer coverage for licensed cannabis operations in Canada. Standard commercial insurers may still decline cannabis risks, but specialty markets through brokers like Oracle RMS can provide comprehensive coverage.
What does cannabis product liability cover?
Cannabis product liability covers claims alleging that a cannabis product caused bodily injury or illness — for example, a contaminated product or a product with incorrect THC labelling. It is essential for any business that manufactures, processes, or sells cannabis products.
Do cannabis retailers need specialized insurance?
Yes. Cannabis retailers face product liability, premises liability, and significant crime exposure (cash-heavy operations are targets for theft). Standard retail policies may exclude cannabis operations, so a specialized policy is needed.
What is crop insurance for cannabis producers?
Crop insurance for cannabis producers covers the loss of cannabis plants and harvested product due to covered perils such as fire, equipment failure, or contamination. It is a critical coverage for licensed producers with significant crop values.
Do cannabis companies need D&O insurance?
Yes, especially publicly traded cannabis companies or those with investors. D&O insurance protects directors and officers from personal liability for management decisions, including regulatory compliance decisions and capital allocation.

Ready to review your coverage?

Speak with a licensed broker at Oracle RMS — by phone, video, or in person. We serve businesses across Canada.*

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* Commercial insurance services available across Canada, excluding Quebec.