The Evolution of the Cannabis and Hemp Industry

Patrick McManamon, Managing Director, Cannasure, a division of One80 Intermediaries

The origins of Cannasure can be traced back to one of our oldest friends who was in the process of opening a medical marijuana cooperative in Southern California. During one of our weekly conversations, we discussed the trouble he was having securing business owner’s insurance at a reasonable cost. We offered to take over the search and report back to him on our findings. With that, we became involved in this complex industry.

We saw, first hand, that the stigma against the burgeoning marijuana industry was strong, but not based in fact. We also quickly became aware of the many brokers and agencies didn’t fully understand the true needs of the businesses in the industry. We knew something had to change, and we were the ones to do it.

From that first client to the thousands of clients we serve today, we’ve dedicated our entire 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’ve spent hundreds of hours observing and analyzing the unique risks facing the cannabis industry in order to best serve our customers.

At Cannasure, we truly are experts in what we do. We understand the industry. We understand the risks and challenges that businesses face. We understand the value of protection. Joining the One80 team allows us to further expand our suite of insurance products; ensuring they are affordable, attainable and most importantly, properly safeguard the businesses we serve. We have admired One80 and felt their level of expertise, entrepreneurial culture and client centric approach to the business would be a perfect fit with the team at Cannasure.

One80, a new direction in specialty insurance.