Banking for Marijuana / Cannabis Related Businesses

I’m spending some time thinking about the insurance issues raised by banks working with customers in marijuana-related businesses.

I have polled several insurers and have been talking with my clients about the issues. I have also been studying insurance policy exclusions and restrictions, looking for trouble. I have found some.

If your bank is banking with marijuana/cannabis-related customers I’d be very interested in talking with you. There are some unique exposures here. They are only going to grow (pardon the pun) as laws continue to evolve.