Medical Marijuana Insurance

Coverage Rooted in the Cannabis Industry

Western Financial Group is an award-winning brokerage. We work with Canada’s leading insurance partners to get you the right coverage and value. We know how important it is to protect what you’re building. Secure your operation. Safeguard your future. Let’s grow together.

What is Medical Marijuana Insurance?

Medical Marijuana Insurance offers coverage for licensed growers who manage risk and follow regulations set by both the Government & Health Canada. From cultivation to distribution, Medical Marijuana Insurance offers a wide range of products with coverage that fits your unique insurance needs.

Our insurance expertise will benefit your Cannabis business

We make the process easy by getting insurance quotes for you and giving you policy coverage options that you can choose for your Cannabis business's specific needs.

For businesses, such as growers, dispensaries, and clinics, cannabis insurance can cover product liability, crop loss, equipment damage, and regulatory compliance. As the legal cannabis industry grows in Canada, insurance plays a crucial role in managing risk, ensuring patient access, and supporting the long-term sustainability of cannabis-based healthcare solutions.

Who needs Medical Marijuana insurance?

Licensed Cannabis Growers & Cultivators
Cannabis Processors & Manufacturers
Medical Cannabis Clinics & Healthcare Providers

Cannabis Dispensaries & Retailers
Cannabis Transport & Delivery Services
Cannabis Testing Laboratories

What kind of risks does Medical Marijuana Insurance covers?

Business Interruption due to an insured peril (i.e. fire, theft, water damage)
Commercial General Liabilibilty
Professional Liability
Crop coverage in the event of nutrient deficiency & disease, pests & bugs as well as environmental stresses

What other insurance coverages can I get for my Cannabis business?

Is cannabis insurance required in Canada?

Yes, certain types of insurance are required for cannabis businesses in Canada. Additionally, businesses may need specific coverage to comply with Health Canada's Cannabis Act and provincial regulations.

How much does cannabis insurance cost in Canada?

The cost of cannabis insurance in Canada depends on several factors, such as:

Size of your operation
Type of business (grower, dispensary, processor, etc.)
Location
Coverage limits you require

A small-scale grower will pay less than a large dispensary chain.

Are cannabis insurance policies the same across Canada?

While cannabis insurance policies share similar coverage options, premiums and regulations can vary by province due to differing provincial regulations and insurance practices.

Western Financial Group specializes in the cannabis industry, ensuring that your insurance policy is fully aligned with both federal and provincial cannabis regulations.

Can I get coverage if I sell both medical and recreational cannabis?

Yes. Insurers can tailor policies for dual-license holders, as long as both activities are legal and licensed. Be sure to disclose all lines of business for accurate coverage.

Do I need different coverage if I grow indoors vs outdoors?

Yes, indoor grows typically involve more expensive equipment and are vulnerable to HVAC and electrical risks. Outdoor grows are more exposed to weather, theft, and fire. Insurers rate each differently and may offer separate coverage types or exclusions.