Coverage for medical marijuana treatment centers, hemp and CBD retailers and the businesses that serve them: the $5M MMTC bond, workers' comp, liability, product, property, crop and cyber, placed by one licensed Florida broker.
Get a quote Call 754-337-9710 WhatsAppMedical use only. Patient and location counts: Florida OMMU weekly update, Aug 28, 2026.
Florida is a medical-only market. Every licensed Medical Marijuana Treatment Center (MMTC) must post a $5 million performance bond, or $2 million once it serves 1,000+ qualified patients (Fla. Stat. §381.986(8)(b)7.a). Non-construction employers with 4 or more employees must carry workers' compensation, and vehicles need Florida auto coverage. General liability, product liability, property, crop and cyber aren't required by statute, but landlords, lenders and partners require most of them.
Amendment 3 won 55.9% of the vote in November 2024 but missed the 60% needed to pass, and the 2026 adult-use initiative did not qualify for the ballot. Florida's licensed market runs on vertically integrated MMTCs, where one license covers cultivation, processing, transport and dispensing.
On September 11, 2026 the Department of Health granted 22 new MMTC licenses, nearly doubling the number of operators. Each one brings a bond, a build-out and a full insurance program. Outside the MMTC system, thousands of Florida smoke shops, CBD stores and hemp brands sell hemp-derived products, and that side of the market faces its own deadline this fall.
November 12, 2026: delta-8, HHC, THC-P and other converted cannabinoids lose federal hemp status. December 11, 2026: THCA flower and hemp delta-9 follow. Products over the new limits become marijuana under federal law, and most products liability policies won't cover them.
Two items are required by law, a third applies whenever you put a vehicle on the road, and the rest are what your landlord, lender and partners will ask for.
$5M upon approval, $2M at 1,000+ patients. A letter of credit or cash is allowed instead. Bond requirements and cost
Mandatory for non-construction employers with 4+ employees, cannabis included, and readily available.
For delivery and transfers between sites. Few carriers write cannabis auto, so place it early.
Usually the first policy required by a lease or vendor contract.
Essential for manufacturers and extractors, and for any store selling edibles, vapes or infused products.
Fire and theft drive property losses. Federal crop insurance excludes cannabis; private crop and stock programs fill the gap.
Cash handling, POS systems, ID scans and patient data make both essential for retail.
Lenders and investors usually require these for larger and multi-location operators.
| Operation | Core coverages | Often added |
|---|---|---|
| Vertically integrated MMTC | $5M bond, general and product liability, property, crop and stock, workers' comp, auto and cargo | D&O, umbrella, cyber, crime |
| MMTC dispensing location | General and product liability, property, workers' comp | Crime, cyber |
| Hemp and CBD retailer, smoke shop | General liability, property, workers' comp | Product liability for compliant products, crime, cyber |
| Ancillary business | General liability, workers' comp, auto | Professional liability for security, consulting or construction vendors |
Premiums depend on revenue, limits, location, security and loss history, so treat any range as a starting point. For real examples by business type, see our cannabis insurance cost guide for Florida and New York. The MMTC bond is priced as an annual premium, often illustrated at around 1% of the bond amount; the bond page explains how sureties set it.
The fastest way to get a quote is email. Send the following to adolfo@nextguardinsurance.com:
The intake form, dec page and loss runs by email, the form below or WhatsApp.
We match coverage to your license stage, lease and lender terms.
One submission to the specialty markets that write cannabis.
Certificates for landlords and partners, and a renewal calendar so nothing lapses.
What dispensaries and growers actually need, in a short video from our channel.
Some of it is. Every licensed MMTC must post a $5 million performance bond, or $2 million once it serves 1,000+ qualified patients (Fla. Stat. §381.986(8)(b)7.a). Non-construction employers with 4 or more employees must carry workers' compensation, and business vehicles need Florida auto coverage. General liability, product liability and property aren't required by statute, but landlords, lenders and partners require most of them.
It depends on revenue, limits, location, security and loss history. A small hemp or CBD store pays far less than a vertically integrated MMTC with cultivation and delivery. Our cannabis insurance cost guide for Florida and New York has examples by business type, and a complete intake file gets you a real quote within 48 hours.
A surety bond each Medical Marijuana Treatment Center posts upon approval: $5 million, reducible to $2 million once it serves at least 1,000 qualified patients. It names the Department of Health as obligee. Full bond details. An irrevocable letter of credit or cash deposit can be posted instead.
It affects hemp, CBD and smoke shop retailers, not licensed MMTCs. Delta-8 and other converted cannabinoids lose federal hemp status on November 12, 2026, and THCA flower and hemp delta-9 on December 11, 2026. Most products liability policies won't cover products that become federally controlled.
It isn't required by statute, but it's strongly recommended, especially for edibles, vapes and infused products. Many wholesale and retail partners require it by contract.
Yes. Workers' compensation is mandatory for non-construction employers with 4 or more employees, cannabis businesses included, and it's one of the easier cannabis coverages to place.
Federal crop insurance doesn't cover cannabis, but private crop and stock-throughput coverage is available, and lenders financing grows increasingly require it.
Yes. Amendment 3 failed in November 2024 with 55.9% of the vote, short of the 60% required, and the 2026 adult-use initiative did not qualify. Only licensed MMTCs may cultivate, process and dispense marijuana in Florida.
Fastest: email the intake form, dec page and loss runs to adolfo@nextguardinsurance.com. Quote in 48 hours once we have a complete file.
Call 754-337-9710 WhatsApp usDownload the cannabis intake form (PDF) or the formulario en español.
Short videos on cannabis, hemp and hard-to-place risks, in English, Spanish and Portuguese.
Requirements summarize Florida law and Department of Health practice as of October 7, 2026. Coverage is subject to underwriting and policy terms. NextGuard Insurance, 3000 S Ocean Drive, Hollywood, FL 33019 · 754-337-9710 · WhatsApp +1 786-597-0780.
