• April 17, 2021
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  • Emerging cannabis insurance market in Canada still has growing pains

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    The pandemic hasn’t slowed down the booming cannabis market in Canada – in fact, far from it. The sector has seen many notable developments over the past year, which Burns & Wilcox experts highlighted in a recent webinar, entitled, “Understanding Cannabis Insurance & Changing Market Dynamics.”

    One of the key areas of growth in Canada as of late has been the cannabis edibles and beverage space, which got the green light after ‘legalization 2.0’ in 2019 allowed for expansion into these products, as well as topicals and creams.

    “It’s been an interesting time because these cannabis companies are becoming really innovative, and they’re coming up with these unique products, all of which fall within the strict guidelines that Health Canada puts in place,” said Allison Sinha, senior underwriter in the property and casualty department at Burns & Wilcox Canada.

    Read full article here: https://www.insurancebusinessmag.com/ca/news/specialty-insurance/emerging-cannabis-insurance-market-in-canada-still-has-growing-pains-250777.aspx?mc_cid=3381bde17e&mc_eid=e2114bb512

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