Will 2025 be a banner year for the cannabis industry? Not even Nostradamus can predict that! There are, however, key trends that will shape how the industry grows and evolves. Here’s S2S Insurance Specialists Top 5 for 2025 and insurance tips to make sure you're prepared and protected:

 

1) GREEN TIDE. With elections over, we expect federal reform to finally happen! Until then, compliance with state/federal laws is challenging and can lead to fines, lawsuits and business interruptions. TIP: Review your General Liability policy NOW to ensure you're covered. Click here for info.

 

2) CANNABIS CONSUMPTION BOOM. Consumption lounges and infused drinks are the next big thing in this saturated market. BUT, both come with BIG risks (toxicity & over-consumption). TIP: If you're in on this trend, click on the link to learn what Product Liability insurance covers.

 

3) CLIMATE CRISIS. Wildfires and floods are frequent and disrupting cannabis operations, costing businesses $ millions in losses. TIP: All businesses need Property & Casualty insurance. For those with grow operations, add Crop insurance.

 

4) LAWSUITS. Product recalls; stock suits; disability/retaliation cases are all on the rise and it's not just large corporations at risk, no company is immune. TIP: Click on the links to learn why you need Directors & Officers (D&O) Liability and Employers Protection Liability (EPLI).

 

5) INSURANCE IS GETTING EASIER. As cannabis becomes more mainstream, insurance is becoming more accessible, which should lead to more affordable coverage and increased policy limits. TIP: Now is the time to review your current plan and contact us to discuss your options.

 

S2S Insurance Specialists is here to guide you through the intricacies of insuring your cannabis business. Our job is to analyze your operations, expose and explain your potential risks – real risks you may never have even thought about – and develop a customized, cost-effective plan that offers you full protection and peace of mind. To learn more, contact David Rahn at david@s2sinsure.com or click here schedule a free 15-minute consultation.