The American Association of Insurance Services (AAIS) has announced that its cannabis business owners’ policy, CannaBOP, has been approved by the Colorado Department of Insurance.
AAIS first introduced CannaBOP last year in California. The insurance program offers a package policy that combines both property and liability coverage for qualifying cannabis dispensaries, storage facilities, distributors, processors, manufacturers, as well as private cannabis testing facilities and laboratories. A release said that the CannaBOP program comes fully supported with rules and loss costs.
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