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One80 Makes Cannabis Buy-in with Cannasure Insurance Services Acquisition March 9, 2021 Cannabis is getting bigger, and now insuring cannabis seems to be a bigger deal, too. The cannabis-focused insurance space can now be counted as part of a larger trend in recently announced business deals in cannabis. One80 Intermediaries announced on Tuesday it has acquired Cannasure Insurance Services, an Ohio-based wholesale broker and managing general agent focused on the cannabis and hemp industry. Terms of the deal were not disclosed. Despite the pandemic, sales in the cannabis industry saw a massive boost last year, rising 48% to $21.3 billion. Analytics firm BDSA now forecasts global cannabis sales will grow to $55.9 billion in 2026, a compound annual growth rate of more than 17%.

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