Having the proper risk management procedures, processes, policies, tools, and resources in place is critical for any business operation. This holds true across every industry—from manufacturing and retail to professional services and agriculture.

At its core, risk management involves identifying, assessing, and mitigating potential risks to minimize losses and ensure business continuity.

A routinely used and universally accepted risk management resource that businesses invest in and secure is insurance.

Although the cannabis industry is relatively young, cannabis businesses need insurance, too. Cannabis businesses—regardless of developmental stage or size—are not immune from encountering many of the same risks that traditional businesses do, along with several unique ones. Those risks c

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