The Ontario Broker - April 2019 - 17

BREAKING NEWS

TRENDS
Of the 25 lottery winners in Ontario, less than half opened their
retail stores on the planned open date of April 1st. These lottery
winners are partnering with established national retail organizations
and commercial producers who've provided backdoor funding and
consulting services. This puts a twist on the kinds of insurance
retailers need.

CANADA'S LARGEST
CANNABIS MARKET ADDS

RECALL INSURANCE
TO ITS OFFERING!!!

A number of partnerships have developed between the cannabis
industry and big alcohol. Data shows that alcohol sales are lower
in places where cannabis is legal. It also shows that marijuana and
alcohol have a widely overlapping consumer base, so the next big
thing will be cannabis-infused adult beverages. It's early days, but
we're seeing some of these businesses pop up.
Cannabis M&As seemed a weekly event in the weeks leading
up to legalization and have remained active so far in 2019. With
approximately 150 licensed producers in Canada (some with
multiple licenses) and over 50 publicly-traded companies, it's
expected that more players will decide to marry up rather than try to
compete alone in a crowded market.
As the cultivator sector requires large capital investments, the
mid size investors are focusing on micro cultivators. These Health
Canada licensees will have a maximum of 200 square meters of
cultivation space and will service the boutique cannabis market.

ADVICE

We can tackle all of your
client coverage requirements.

The cannabis segment is by nature dynamic, so it's important to find
a creative underwriting partner who's committed to keeping up.

Contact us today!

Deal with an experienced market that understands the business
and can help you navigate the icebergs (yes, Bob watched Titanic
last night). It will help you stand out by anticipating and minimizing
client expectations and problems.

www.suminsurance.ca

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4/16/19 12:20 PM

APRIL 2019


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The Ontario Broker - April 2019

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