(CA) Rancho Cordova Company Offering Insurance For Marijuana Businesses

The business of growing marijuana is generating opportunities for other businesses, including a local insurance company cashing in on the green.

Mike Aberle of GP Insurance Brokers offers a variety of policies, but there’s one that’s considered one of a kind.

“We offer coverages outside the norm,” he said. “We offer crop coverage. We cover your living plants.”

People are looking for coverage for their pot plants, businesses and dispensaries.

“Lately it’s been an explosion,” he said. “We’re receiving 20-25 applications a day.”

The Rancho Cordova business sells marijuana crop insurance to business owners across the country, and business is booming. Right now, if offers everything from general liability to theft to more than 6,000 clients nationwide, and they’re hoping to hire 40 to 70 more people.

Read More: http://sacramento.cbslocal.com/2014/02/11/rancho-cordova-company-offering-insurance-for-marijuana-businesses/