Carma Cannabis Insurance Brings Industry-Specific Coverage to an Underserved Market
The cannabis industry is booming, but behind the headlines of rapid growth and legislative progress lies a harsh reality—many operators struggle to secure essential insurance. Traditional providers, wary of federal uncertainty and the complexities of cannabis regulations, often shy away, leaving businesses vulnerable. Carma Cannabis Insurance is stepping into this void, offering policies tailored specifically for cultivators, retailers, and ancillary companies that have long been overlooked.
Founded by CEO Jacob Landman, Carma is a company built from experience within the cannabis space. “I was an operator in my previous life,” Landman shared. “Because we’re cannabis experts by trade, we’re better situated to underwrite that risk and help your business.”
A Personal Journey to Industry Solutions
Landman’s path to founding Carma is deeply personal. “I was a patient in Pennsylvania’s medical program, so it’s near and dear to my heart,” he explained. During his time as an early employee at Ethos Cannabis, he faced a frustrating reality: securing adequate insurance for cannabis businesses was nearly impossible. Instead of accepting the status quo, he decided to build a better solution himself.
Comprehensive Coverage Tailored to Cannabis
Unlike traditional insurers that hesitate to work with cannabis businesses, Carma specializes exclusively in the industry. Whether insuring a single dispensary or a multi-state operator, the company offers a full spectrum of coverage, including general liability, crop protection, and cyber liability. “If you name it, I can insure it,” Landman said confidently.
Navigating Industry Challenges with Expertise
The biggest challenge for cannabis insurance? The industry itself. “Insurance is risk-averse by nature, and there’s a lack of data,” Landman noted. He emphasized that most traditional providers don’t truly understand how cannabis businesses operate, leaving a gap in coverage that can leave companies exposed. Carma bridges that gap by using real-world industry knowledge to craft policies that major insurers either can’t or won’t offer.
A Customer-First Approach
Beyond its policies, Carma differentiates itself with a level of customer service rarely seen in the industry. “People don’t understand operators or how difficult their lives are,” Landman said. “We provide a customer service level that no one else in the industry does, so you can focus on running your business rather than worrying about insurance.”
Looking Ahead to Growth and Federal Changes
Carma is currently operational in every cannabis-legal state except Michigan, where it plans to launch in Q2 of next year. With federal rescheduling and potential legalization on the horizon, the company is preparing to expand its offerings even further. “Federal legalization is inevitable,” Landman said. “As we weather these changes, our goal is to help patients and operators better run their businesses and deliver safe medicine.”
With expertise rooted in the cannabis space and a mission-driven approach, Carma is giving operators the protection they need and the peace of mind they deserve.
For more information or to explore Carma’s offerings, visit carma365.com
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