Intelligence: Insuring the growing US cannabis market
Last year Malta became the first European nation to legalise cannabis after the United Nations reclassified the drug to recognise its therapeutic uses and – with other EU countries looking to follow suit – Post spoke to the specialists striving to meet the insurance needs of the fast-expanding US legal cannabis market to see what insurance lessons can be learned in case the UK reconsiders its position
Market researchers BDSA put sales of legal cannabis in the US at over $24bn (£17.7bn) last year. According to experts the figure could be above $100bn inside a decade.
Adult recreational use is
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