Cannasure Insurance Services Expands Cannabis and Hemp Insurance Services to California
Cannasure Insurance Services, a subsidiary of One80 Intermediaries, now providesfull–service wholesale brokerage and Managing General Agent services to retail brokers representing insureds domiciled in California.
Cleveland, OH—June 17, 2021 —Cannasure Insurance Services, a subsidiary of One80 Intermediaries (One80), today announced their full–service wholesale brokerage and Managing General Agent services that were created exclusively to serve the cannabis and hemp industry,is launching in California. Cannasure will offer industry–leading property capacity of up to $40 million in total insured values as well as product liability limits of up to $5 million throughout the state.
Additionally,the company’s full brokerage operations provide all package and critical ancillary coverages such as commercial auto, outdoor crop, and workers’ compensation. Further, to commemorate the launch Cannasure is offering greater commissions with up to three points commission bonus on $300,000 premium.
“Cannasure’s insurance programs which are now available in California bring the best–in–class coverage and more than 10 years of experience to cannabis and hemp businesses,helping the industry thrive,”Matthew F. Power, President of One80 Intermediaries. “One80 provides innovative insurance solutions tailored to the emerging cannabis industry. Our team of professionals understands both the ever–changing regulatory environment, and client needs throughout the cannabis supply chain,”he continued.
Cannasure offers comprehensive solutions to cultivators, dispensaries, extractors, processors, product manufacturers, testing labs, landlords and ancillary businesses in all states where cannabis and hemp are legal. Coverage is available on a mono line or package basis through carriers rated A– or greater with A.M. Best.
“We’re excited to bring our Cannabis Insurance program to California, as we’ve dedicated our practice to mitigating the challenges that businesses in the legal cannabis and hemp industries face when trying to get insurance coverage. Through extensive risk management assessments of some of the leading dispensaries, cultivation facilities, and infused product manufacturers, we understand the unique risks facing the cannabis industry, allowing us to best serve our customers in California and beyond,” said Patrick McManamon, Managing Director, Cannasure, a subsidiary of One80 Intermediaries.
For more information, please visit https://www.cannasure.com/ca.
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Media Contact:Dana DeSantis
ddesantis@brandloveltd.com
(440) 570–2706
About One80 IntermediariesOne80 Intermediaries is a privately held, national firm with offices throughout the US and Canada. As a leading insurance wholesaler and program manager, the company offers placement services and binding authority for property & casualty, financial lines, personal lines,life insurance,medical stop loss, alternative risk, warranty, lender–based insurance, travel/accident and health risks. One80 serves commercial companies, non–profits, public entities, and individuals, and has access to all major insurance markets in the US, Canada and UK.Coverage spans all industry classes.One80 has offices in more than 35locations in the US and Canada.For more information visit www.one80intermediaries.com
BDS Analytics Expands GreenEdge™ Retail Cannabis Sales Tracking Platform to Include Arizona Medical Dispensaries
Cannabis Data and Market Intelligence Leader, BDS Analytics, Expands GreenEdge™ Retail Sales Tracking Platform to Include Arizona Medical Dispensaries
BOULDER, Colo. — July 16, 2018 — BDS Analytics, the leader in comprehensive, actionable and accurate cannabis market intelligence and consumer research, today announced that the company has added the Arizona market to their state-of-the-art GreenEdge™ Retail Sales Tracking Platform. In addition to existing data from Colorado, California, Oregon and Washington, GreenEdge will now feature Arizona medical dispensary point-of-sales data dating back to January 2017.
GreenEdge provides clients access to the most accurate and actionable data available on what is selling, when, where and for how much on a daily, weekly, monthly, quarterly and annual basis. Companies can leverage real data to make strategic decisions that will advance the financial goals of their business and gain an understanding of the cannabis markets – from what is selling in different states to pricing strategies, brand concentration, market segmentation, how trends flourish over time and more.
“We are thrilled to expand our data tracking efforts into Arizona, a state that saw the first three months of 2018 bring in $160 million in sales,” said Liz Stahura, president and co-founder of BDS Analytics. “With 130 medical dispensary licenses and 115 currently operational locations, we’re confident Arizona’s medical market will continue to grow and that our clients should be paying attention to the state’s cannabis industry.”
In 2010, Arizona legalized medical marijuana after previously failed attempts. In 2017 alone, Arizona’s cannabis industry directly created 6,779 full-time positions and 9,435 employment opportunities. According to The State of Legal Marijuana Markets, Sixth Edition report recently published by Arcview Market Research in partnership with BDS Analytics, by 2022, the estimated number of legal Arizona consumers is on track to reach 508,378, driving $1.19 billion in state revenue.
“In an industry where so much is still unknown due to prohibition, access to accurate market data is an absolute must for the cannabis industry to move forward effectively,” said Aaron Smith, executive director of the National Cannabis Industry Association. “NCIA members are investing in work that will ultimately end the failed policies of prohibition and allow our industry to reach its full potential. We are proud to work with BDS Analytics to provide our membership with this invaluable tool to help them gain a competitive advantage in Arizona and beyond.”
As part of an ongoing strategic partnership, all registered NCIA members will receive access to the newly released Arizona data along with their existing access to GreenEdge™ sales data from Colorado, California, Oregon and Washington.
About BDS Analytics:
Headquartered in Boulder, Colo., BDS Analytics provides businesses with comprehensive, actionable, and accurate cannabis market intelligence and consumer research. The company provides a holistic understanding of the cannabis market by producing insights from dispensary point-of-sale systems through its market-leading GreenEdgeTM platform, driving consumer research with its Cannabis Insights Group, and generating market-wide cannabis industry financial projections. To learn more about how you can utilize BDS Analytics’ superior market research, please visit www.bdsanalytics.com.
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Media Contact:
Carrie Booze
North 6th Agency (for BDS Analytics)
212-334-9753 ext.142
bdsanalytics@n6a.com
