Key Risk announced the launch of a cannabis vertical.
According to Grand View Research, the cannabis market in the U.S. has seen exponential growth, driven by increasing consumer demand and supportive government initiatives. Valued at $33.60 billion in 2023, the market is projected to grow at a compound annual growth rate of 12.1% from 2024 to 2030. With the rising adoption of medical marijuana, recreational cannabis, and CBD products, the need for specialized insurance solutions in this industry has never been greater.
Travis Moose, Senior Vice President and Chief Marketing Officer, commented, "Key Risk is excited to add solutions tailored to the cannabis industry to our existing portfolio of specialty programs. We are dedicated to providing workers compensation solutions to employers in complex and unique industries. We look forward to bringing workers compensation expertise to the rapidly expanding cannabis industry."
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Key Risk
keyrisk.com