Friday, March 29, 2024

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Cannabis turns to captives

After years of talk and little action large cannabis multinationals, primarily driven by the distressed D&O market, are now forming captive insurance companies, but the domicile options remain limited and confused.


  • Cannabis multinationals Canopy Growth and DNA Genetics establish captives in Bermuda
  • D&O capacity particularly difficult for cannabis businesses to secure
  • US domiciles remain cagey as to whether they will license cannabis captives

Around five years ago, it became commonplace for consultants to advertise captive insurance as the silver bullet solution for businesses in the fast growing, but legally uncertain cannabis industry.

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