Blunt Business

This in-depth discussion with Jay Virdi, the Chief Sales Officer for Specialty Practices at Hub International, provides a comprehensive overview of the insurance landscape for the cannabis industry in 2025.The cannabis industry faces unique financial pressures, including inflation, rising interest rates, and specific tax burdens like the 280E tax code. Jay Virdi emphasizes the need for robust risk management strategies to navigate these challenges and ensure business continuity. He outlines the various insurable risks cannabis companies must consider, from property damage and business interruption to directors and officers liability. Virdi also explores alternative risk transfer options, such as captives, risk retention groups, and parametric insurance, offering innovative solutions for companies seeking to optimize their risk management approach.With the increasing reliance on technology, cybersecurity is paramount for cannabis businesses. Virdi stresses the importance of strong cybersecurity protocols and d