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Cannabis Insurance (C) Working Group

2024 Membership

2024 Adopted Charges

The Cannabis Insurance (C) Working Group will:

  1. Assess and periodically report on the status of federal legislation that would protect financial institutions from liability associated with providing services to cannabis businesses operating legally under state law.
  2. Support insurance regulators’ efforts to encourage the development of admitted market insurers, as well as the expansion of existing admitted market insurers, and reinsurers supporting the market, to ensure coverage adequacy in states where cannabis, including hemp, is legal.
  3. Stay abreast of new products and innovative ideas that may shape insurance in this space. Provide insurance resources to insurance regulators and stakeholders, as needed.
  4. Explore potential sources of constraint to coverage limits and availability of cannabis insurance products within the admitted and non-admitted market. Explore the effect of the use of cannabis on P/C insurance lines of business.

NAIC Support Staff: Anne Obersteadt/Aaron Brandenburg

Cannabis Insurance (C) Working Group Virtual Meeting 5/8/2024

Public Conference Call
Wednesday, May 08, 2024
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Length of Call: 90 minutes
Webex Link

Virtual meeting to 1) Consider Adoption of Dec. 19, 2024, Meeting Minutes, 2) Hear a Presentation from BDSA on Trends and Emerging Issues in the Cannabis Space, 3) Hear a Presentation from Jencap Specialty Insurance on Insurance Availability, Coverage Trends, and New Risks in the Cannabis Space, and 4) Hear a Presentation from the Highway Loss Data Institute on the Effects of Marijuana Legalization on Collision Claims

Cannabis Insurance (C) Working Group 12/19/2023

Public Conference Call
Tuesday, December 19, 2023
1:00 PM ET, 12:00 PM CT, 11:00 AM MT, 10:00 AM PT
Expected Length of Call: 1 hr
Webex Link

Purpose: Virtual meeting to hear a presentation on ALM’s cannabis insurance coverage specialist designation. The Nov. 14 e-vote minutes will also be considered or adoption and an update on cannabis-related legislative activities will be provided by NAIC government relations staff.

WebEx Meeting (In Leu of Summer National Meeting): Cannabis Insurance (C) Working Group 7/18/2023

Public Conference Call
Tuesday, July 18, 2023
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 2 hr
Webex Link

WebEx Meeting (In Lieu of Summer National Meeting): Cannabis Insurance (C) Working Group

Virtual meeting to adopt its June 20 meeting minutes, discuss exposure comments received on and consider adoption of the Understanding the Market for Cannabis Insurance 2.0 white paper, hear a panel discussion on the uncertainties in the treatment of hemp and cannabis


Meeting Materials

Related NAIC Publications


Media Inquiries
(816) 783-8909

Anne Obersteadt
Regulatory Research Specialist

Aaron Brandenburg
Assistant Director - P&C Regulatory Services

Please see the current Committee List for a complete list of committee members.