This emerging market is rapidly growing strength throughout the United States with legalized cannabis. The marijuana insurance industry has exploded since certain forms and uses of medicinal cannabis received approval. That said, there have yet to be many participants in this particular part of the market. Still, there are a few players that have been carving their way into medicinal marijuana policies and coverage. Even before Lloyd’s of London stepped into — and then departed — the marijuana insurance industry, there was already a firm called New Wave Insurance taking part. It had what it called “seed to sale” cannabis coverage.