As the cannabis industry becomes more digital, businesses face increasing risks from cyber threats like data breaches, hacking, and ransomware attacks. Cyber insurance helps protect dispensaries, distributors, and other cannabis businesses from financial losses associated with stolen customer data, system disruptions, and regulatory fines. Coverage typically includes data breach response, covering notification costs and credit monitoring for affected customers, as well as cyber liability protection, which helps with legal fees, settlements, and recovery expenses. With cyber insurance in place, cannabis businesses can operate securely, knowing they are protected against the growing threat of cybercrime.
