Marijuana, CBD and THC producing and selling businesses are growing like a weed. Currently employing over 150,000 people in the US, these growers, manufacturers, distributors, researchers, testers, consultants and retailers need financial protection for personal and business risks like health, life insurance, employee benefits, disability, retirement planning and protection.
Most insurers prefer to stay away from the marijuana related businesses, due to the uncertainty of the Federal status of these businesses. However, this industry that is expected to grow to $21 billion by 2021, needs protection NOW!
We have partnered with certain specialty insurers that WILL OFFER benefits to marijuana industry and their employees.
Individual LIFE and DISABILITY benefits are available. Depending on the level of “exposure” to cannabis products, employees will pay a “flat extra” or higher “smoker” premiums. These benefits are available to employees or individuals in ALL 50 states.
Marijuana industry companies can now get benefits for key-person coverage (key man, key employees), Business loan payment protection coverage as well Buy-Sell / Buy-out insurance for disability and life of the business owners/partners. These coverage plans are issued on a simplified underwriting platform, needing no extensive medical tests, no blood samples or urine testing, and they will be issued fast helping with the business lenders or investors quick timelines while trying to grow your business.
Premiums can be paid by credit card as well, which is very helpful for these businesses since most cannabis related businesses can’t open a bank account due to the uncertainty of Federal legality status of the industry.
We have the protection products you need to cover all your risks.
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