The insurance landscape for cannabis, hemp, and natural products has always been complex—but recently, it’s become even more challenging.
We’re seeing a shift in the market:
- Carriers exiting or reducing capacity
- Increased underwriting scrutiny
- Higher premiums and tighter terms
- More exclusions, particularly around products and ingestion
At the same time, businesses are dealing with:
- Regulatory uncertainty
- Tax burdens
- Market saturation and pricing pressure
This combination creates a volatile environment where stability is hard to find.
A policy that worked last year may no longer be available—or may come with significantly different terms.
We’re also seeing increased focus on:
- Product sourcing and testing
- Manufacturing controls
- Labeling and compliance
- Financial stability of the business
Carriers want more information—and they’re less willing to take on ambiguous risk.
This is where working with a specialist makes a difference.
At Bozzuto Group, we’ve been deeply involved in these industries for years. We understand the carrier landscape, the underwriting concerns, and how to position your business effectively.
More importantly, we know how to structure programs that remain resilient—even as the market shifts.
Because in a volatile environment, strategy matters more than ever.
Contact Bozzuto Group for a customized quote and guidance navigating today’s insurance market.
