For years, cannabis business owners and their employees faced one major roadblock: life insurance protection.
Despite building successful dispensaries, cultivation facilities, and related businesses, most owners were told “no” when they tried to secure basic coverage for themselves, their partners, or their employees. Federal restrictions kept traditional carriers from stepping in, leaving families, businesses, and key employees exposed.
The cannabis industry is booming — valued at over $30 billion in 2023 and expected to exceed $50 billion by the end of the decade. But with that growth comes responsibility.
Without proper life insurance protection, a single unexpected event — like the death of a partner or a key employee — can unravel everything a business owner has worked for. Families can be left without financial security. Businesses can collapse under the strain of buyouts or lost leadership.
That’s why Joe Costa and Park Place Collective have made it their mission to help cannabis business owners protect their loved ones, their companies, and their employees with affordable, flexible coverage options.
With a deep understanding of the challenges this industry faces, Park Place Collective has built a suite of solutions designed specifically for cannabis companies:
Buy-Sell Insurance – Ensures your partners can buy out your share if something happens to you, protecting your family and the company.
Key Person Insurance – Helps your business survive financially if a critical leader or employee passes away unexpectedly.
Employee Bonus Plans – Cash value life insurance used as a retention tool for top talent.
Personal Life Insurance – Portable policies that move with you when you change jobs or retire, keeping your loved ones protected.
Unlike traditional group policies, these plans are designed to fit the unique needs of cannabis business owners and their team
Life insurance doesn’t have to be expensive — even for cannabis owners. Park Place Collective offers affordable term and permanent coverage, with options like:
$500,000 Personal Coverage (20-Year Term):
Male 60 – $231 per month
Female 60 – $175 per month
$2,000,000 Buy-Sell Coverage (10-Year Term):
Male 45 – $102 per month
Female 45 – $90 per month
$1,000,000 Key Person Coverage (10-Year Term):
Male 50 – $81 per month
Female 55 – $66 per month
For just a few dollars a day, business owners can secure peace of mind for their families and employees.
With Joe Costa’s experience and the specialized knowledge of Park Place Collective, cannabis businesses finally have a partner who understands their world. This isn’t a cookie-cutter solution from a company that doesn’t “get it.”
Joe Costa and his team handle the complexity — from underwriting to navigating industry regulations — so owners can focus on running their business while taking care of their loved ones and employees.
Getting coverage is simple — and it costs nothing to see what you qualify for.
Whether you’re a cannabis business owner, a money manager, or a broker serving this growing industry, now is the time to protect your family, your company, and your team.
Contact Joe Costa (NMLS: 113396) and Park Place Collective (NMLS: 2571108) today to schedule a no-obligation consultation. 619-990-7552- info@parkplacecollective.com See how easy it can be to get the protection you’ve been waiting for.
