Buffalo Business First: Options limited for cannabis businesses in need of insurance
Buffalo Business First – August 16, 2022
By Katie Anderson
“It’s not hard to get insurance in any other industry, and you have tons of options,” said Ross Lipson, CEO of Dutchie. “In cannabis that wasn’t the case, yet it’s a requirement. You can’t open up these companies without insurance.”
Dutchie is an Oregon-based company that provides technology platforms to cannabis dispensaries, like point-of-sale, e-commerce and payments. Recently, the company, which has about 50 employees in New York, launched an insurance division to help support its dispensary partners. They offer general liability, workers compensation and many other insurance products. “Insurance is a great value-add for new markets, because one of the first steps when starting a new business is getting insurance,” Lipson said.
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