Insurance for Cannabis Processers, Harvesters and Extractors
Turning raw cannabis into refined products requires precision and specialized equipment. From machinery malfunctions to the risk of product recalls, your business needs coverage designed for every step of the processing and extraction process. We provide insurance solutions that ensure your operation runs smoothly, no matter the challenges.
Specialized Protection For Cannabis Processing
Cannabis businesses face unique risks, and having tailored coverage ensures your operations are fully protected. Our comprehensive insurance solutions are designed to meet the specific needs of processers, extractors and harvesters, offering peace of mind across multiple areas:
Loss of Income
Compensates for lost income if your business is forced to stop operations due to a covered event, ensuring financial stability.
Cannabis Stock
Protects your processed cannabis inventory from risks such as theft, fire, or damage.
Recall Coverage
Covers expenses if you need to recall products due to contamination or regulatory issues, safeguarding your brand and finances.
Product Liability
Offers protection against claims related to the safety or effectiveness of the cannabis products you process or extract.
Equipment Breakdown
Covers the costs of repairing or replacing essential extraction and processing equipment in the event of a breakdown.
Compliance Navigation: Staying Ahead of Regulations
Operating in the cannabis and hemp industry comes with complex and ever-evolving regulations. You know insurance is required, but what kind and how much does your business really need? We simplify the complexities of cannabis compliance, offering clear guidance and proactive strategies to maximize the value of your insurance plans. Schedule a quick call to learn more.
Ready to Get Started?
Whether you’re looking for a quick estimate or ready for a more detailed quote, we’re here to help you find the best coverage for your business. Choose the option that works best for you:
The Latest in Cannabis News
Before purchasing insurance for your business, there are several factors you should consider. Feeling overwhelmed? We’ve got you covered. Get the essential information in our insurance blog.
You Asked, We Answer – Navigating the Cannabis Insurance Marketplace
Michigan CannTech Expo As Michigan continues to evolve in the Cannabis business, hemp, laws, and regulations, you can join thousands of industry professionals to gain information on this expanding market. Join the Spire Insurance Solutions team at the Michigan CannaTech Expo in Mt. Pleasant, MI on 4/20 and 4/21. Our team will be there with
Are Your Product Liability Limits Enough?
Have you wondered if product recalls actually happen in cannabis? Well, in Michigan, the Marijuana Regulatory Agency recently issued a recall for several products due to unreliable test results. This recall could be impacting over 400 sales locations throughout the state in what may be the largest cannabis recall in Michigan’s short history.
What Are “Gram Shop” Laws in Michigan?
Public Act 55 of 2021 was approved by the governor and filed with the Secretary of State on July 13, 2021. Director Andrew Brisbo of the Michigan Marijuana Regulatory Agency (MRA) communicated details of this amendment to the Michigan Regulation and Taxation of Marijuana Act (MRTMA) in the Advisory Bulletin found here. This amendment adds