One80 Tends to make Cannabis Purchase-in with Cannasure Insurance coverage Solutions Acquisition

Cannabis is receiving larger, and now insuring cannabis appears to be a larger deal, as well. The cannabis-focused insurance coverage space can now be counted as element of a bigger trend in lately announced business enterprise bargains in cannabis.

One80 Intermediaries announced on Tuesday it has acquired Cannasure Insurance coverage Solutions, an Ohio-primarily based wholesale broker and managing basic agent focused on the cannabis and hemp business.

Terms of the deal had been not disclosed.

In spite of the pandemic, sales in the cannabis business saw a huge enhance final year, increasing 48% to $21.three billion. Analytics firm BDSA now forecasts international cannabis sales will develop to $55.9 billion in 2026, a compound annual development price of much more than 17%.

Cannasure is effectively recognized in the cannabis space. The firm gives retail insurance coverage agents with threat assessments and item offerings, which involve home, basic liability, excess, experienced, items and completed operations liability.

Cannasure is a national wholesale broker, plan manager and third-celebration administrator that serves cultivators, dispensaries, extractors, processors, item makers, testing labs, landlords and ancillary corporations in all states exactly where cannabis and hemp are legal. It gives coverage on a monoline or package basis.

“The Cannasure acquisition guarantees that we keep at the forefront of the business, offering unmatched protection to cannabis and hemp corporations assisting them thrive,” Matthew F. Energy, president of One80 Intermediaries,…

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Cannabis is receiving larger, and now insuring cannabis appears to be a larger deal, as well. The cannabis-focused insurance coverage space can now be counted as element of a bigger trend in lately announced business enterprise bargains in cannabis.

One80 Intermediaries announced on Tuesday it has acquired Cannasure Insurance coverage Solutions, an Ohio-primarily based wholesale broker and managing basic agent focused on the cannabis and hemp business.

Terms of the deal had been not disclosed.

In spite of the pandemic, sales in the cannabis business saw a huge enhance final year, increasing 48% to $21.three billion. Analytics firm BDSA now forecasts international cannabis sales will develop to $55.9 billion in 2026, a compound annual development price of much more than 17%.

Cannasure is effectively recognized in the cannabis space. The firm gives retail insurance coverage agents with threat assessments and item offerings, which involve home, basic liability, excess, experienced, items and completed operations liability.

Cannasure is a national wholesale broker, plan manager and third-celebration administrator that serves cultivators, dispensaries, extractors, processors, item makers, testing labs, landlords and ancillary corporations in all states exactly where cannabis and hemp are legal. It gives coverage on a monoline or package basis.

“The Cannasure acquisition guarantees that we keep at the forefront of the business, offering unmatched protection to cannabis and hemp corporations assisting them thrive,” Matthew F. Energy, president of One80 Intermediaries,…

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