If You're Considering Joining The Cannabis Industry, This Insurance Company Can Minimize The Risks

The Benzinga Cannabis Capital Conference, the world's largest gathering of cannabis entrepreneurs, founders, advocates and investors is returning to Miami Beach, Florida on April 11-12, 2023 will feature Eric Schneider, the managing director of AlphaRoot, a tech-enabled cannabis insurance broker.

Clients, First 

Schneider, who is dedicated to his client's best interests, attributes his success to taking steps one at a time instead of focusing solely on the bigger picture. This strategy helped triple AlphaRoot's book of business within its first year.

"Unlike other industries, cannabis must navigate a legal landscape continually in flux. New legal developments surface routinely, such as President Biden pardoning simple marijuana convictions or the SAFE Banking Act tanking in the Senate. Unfortunately, cannabis regulations are misaligned at the local, state, and federal levels," he said.

Schneider, who has been working in insurance his entire career, holds an MS in marketing and an MBA from Johns Hopkins University. 

'Find The Reward In Risk': Coverage Your Cannabis Company Needs

Relaunched as its own independent company in 2020, AlphaRoot's story actually began early in the growth of its new sister company, Founder Shield. Its team focused on working in emerging markets that most traditional insurance companies cannot or will not deal with, which is how they launched AlphaRoot as a way to market these new legally operating companies.

AlphaRoot, a full-service insurance brokerage, provides tailor-made risk solutions for cannabis, agriculture, and sustainable industries. Under the motto “We live insurance. We breathe cannabis,” AlphaRoot focuses exclusively on the cannabis, hemp, CBD, and holistic medicine space.

The NYC-based company works with companies across the entire supply chain, from seed to sale and ancillary providers. Its team “has a passion for what they do on a day-to-day basis and views themselves not as an insurance brokerage that happens to do cannabis, but as an operator who just happens to be in insurance,” per the company's website.

Seeking to dismantle the stereotype that insurance companies adhere to archaic models by creating intuitive platforms that are user-friendly without sacrificing the benefits of customer service, AlphaRoot launched its digital platform, a web-based app that it serves as a centralized location for everything its clients need that is insurance related.
Meet Eric Schneider, whose mantra is to have heart, be smart and have fun, and other insurance experts at the Benzinga Cannabis Capital Conference in Miami Beach’s historic Fontainebleau Hotel in Florida on April 11-12. This is where to get DEALS DONE, money raised and M&A jumpstarted. Meet investors and key partners. Secure your tickets now before prices go up.

Image Credits: LinkedIn Edited By Benzinga