3F Captive Services
Commercial Insurance Has Failed Cannabis. Here’s What’s Next
In 2024, Colorado state officials announced a recall affecting 172 stores across the state. Batches of flower and pre-rolled joints from one grower exceeded mold and yeast limits. The losses were immense, including for companies that thought the money they were paying each year to insurance companies for premiums would provide, only to discover that […]
Why Cannabis Businesses Are Turning to Captive Insurance for Better Coverage
It starts with a routine test result. A mid-size cannabis brand discovers that a batch of infused edibles has failed a pesticide screening. Within 48 hours, the company issues a voluntary recall, pulls product from dozens of dispensary shelves, and begins fielding calls from anxious retail partners. The financial damage — replacement inventory, logistics, regulatory […]