AAIS gains approval of insurance program in Colorado

Updated 4/23/2019 10:48 AM

LISLE -- The American Association of Insurance Services, the only national not-for-profit insurance advisory organization governed by its member companies, has gained approval for its Cannabis Businessowners Policy program from the Colorado Department of Insurance.

The CannaBOP program was first introduced by AAIS in California last year. The AAIS Colorado CannaBOP program provides a package policy with both property and liability coverage for qualifying Colorado cannabis dispensaries, storage facilities, distributors, processors, manufacturers, and private cannabis testing facilities and laboratories.

by signing up you agree to our terms of service

The U.S. cannabis industry is expected to generate more than $20 billion in medical and recreational sales, and over 250,000 jobs by 2020. With an approved policy form, carriers are better able to respond to the unique risks inherent in cannabis businesses within Colorado.

Article Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.