Marijuana insurance biz finding 'niche' - Cannabis News

Published in Finance

Eight years into running Cannasure, one of the only insurance businesses in the country specializing in the cannabis industry, Patrick McManamon is now in position for explosive growth.

When a friend in San Diego asked Patrick McManamon about securing general liability insurance for a marijuana dispensary in 2009 at the behest of his landlord, McManamon was incredulous.

The industry for growing, processing and selling marijuana sales was young and quasi-legal (it still is as far as the federal government is concerned), especially in the unregulated California landscape at the time.

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Jeremy Nobile ~ CrainsCleveland.com