For all your Cannabis-related business ventures, protect yourself from unforeseen liabilities with specialized insurance. From small local dispensaries to large production facilities - don't let the risks cloud the vision of your business.
Canada established the legalization of the possession, use, and cultivation of cannabis for recreational purposes in 2018. The production and sale of cannabis for medical purposes has been legal in Canada since 2001.
The cannabis industry in Canada has experienced significant growth since legalization, with a number of licensed producers operating in the country and a range of cannabis-based products being made available to consumers. These products include dried cannabis, cannabis oil, and a variety of cannabis-infused edibles, such as chocolates, gummies, and baked goods.
There are also a number of businesses that provide services related to the cannabis industry, such as consulting firms, legal services, and testing labs.
In 2021, sales reached 5.29 billion CAD, more than triple sales in 2019, the first full year of the legal recreational market. By 2026, the legal cannabis market in Canada is expected to double and exceed ten billion dollars in value.
Enter the dynamic cannabis industry with confidence. Protect your business from unexpected risks - such as third-party injuries, malfunctioning equipment and product recalls - through tailored insurance plans designed to meet all of your legal requirements. Secure success in this booming market by ensuring that you have an insurance broker ready to grow with you.
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