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CLASSIFICATIONS

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From seed to sale Next Wave Insurance Canada provides coverage to these approved classifications:

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Cultivators

Cultivation includes the cannabis and hemp plant cycle from seed to vegetative, to finished stock.

Harverters3

Harvesters

Some growers use third-party processors during harvesting, drying, curing, and trimming to increase their yield and control expenses.

Manufacturers

Manufacturers

This class covers equipment manufacturers and product manufacturers including items that are smoked, vaporized, ingested, or topically applied.

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Laboratories

Laboratories test product for pesticides, product potency, product consistency, and the overall safety of what is available to consumers.

Lessor

Building Owners

Building owner policies cover the property owner for liability and property exposures.

 
Wholesale

Wholesalers

A wholesaler engages in the sale of goods or merchandise to retailers or other distributors exclusively.

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Extraction Facilities

Cannabis extraction is the conversion of target molecules in cannabis raw material into a useable form.

Retail

Retail & Dispensaries

Organizations that directly contribute cannabis products to the medicinal and recreational consumers as well as providing delivery services.

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Executive Liability

Person(s) or entity at the highest level of management who are responsible for planning, leading, and controlling a business.