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Insuring Cannabis Summit: There Were Crop Risks Aplenty in 2020


Insuring Cannabis Summit: There Were Crop Risks Aplenty in 2020
Editor’s note: This is part of a series of articles based on panels and presentations during
Is there a lot of risk in cannabis crops that insurance professionals should know about?
You bet, if you listen to Evan Stait, a commercial account executive and cannabis practice leader for Hub International in Kelowna, British Columbia.
“These guys that are growing outdoors are dealing with not only the weather, sporadic weather, fire seasons, wind, hail, early frost in certain areas. They also have to work with pest control. They have to worry about genetics,” Stait said. “There is a whole lot to it that comes with the lack of the ability to control your environment. And especially now, and definitely in Canada, where you’ve got some of the first grows happening in certain regions where they’re using genetics from other areas that have maybe been successful.” ....

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