420MEDIA Trailblazers In Cannabis: Norman Ives, Broker & Cannabis Specialist Worldwide Facilities

Trailblazers In Cannabis

Digital marketing agency 420MEDIA and the Marijuana Business Association (MJBA) have joined forces to create a series highlighting entrepreneurs trailblazing the cannabis scene. Each week, we profile a noteworthy business pioneer, and ask each 5 questions. This week we talk to trailblazer Norman Ives, Insurance Broker and Cannabis Specialist at Worldwide Facilities. 

Tell us about your company: 

Established in 1970, Worldwide Facilities is a national wholesale insurance broker, managing general agent and program underwriter. For nearly 50 years our team of insurance specialists have provided innovative solutions to the specialty US and international insurance markets. More recently through a combination of organic growth, recruitment and acquisitions Worldwide Facilities has aggressively expanded presence, standing and financial strength more than tripling its size to more than $1.5 billion in premium and is among the four largest wholesale brokers in the US.

Norm at MJBA Booth

Why did you choose the cannabis/hemp business?

Did I choose the cannabis industry, or did it choose me? It was not long after Initiative 502 passed in Washington legalizing the production and sales of adult-use/recreational marijuana that I started receiving inquiries from business owners and investors trying to understand what kind of insurance policy options were available for a marijuana license holder and other marijuana related endeavors. Not long after some of the first policies issued to license holders I began speaking business networking groups like the Marijuana Business Association (MJBA) and Washington Marijuana Association (WAMA) to help educate the community and committed myself to volunteering in the community like the non-profit Cannabis Coalition for Standards and Ethics (CCSE) and later The Cannabis Alliance. I am honored to be able to contribute my time and energy in support of the cannabis movement and the many amazing, caring, compassionate individuals who have been doing this meaningful work at great risk and often their own expense to deliver meaningful healthcare services to some of our communities most vulnerable members.

norm at dope mag party

What change will your firm address in the industry? 

Progress & solutions!  With more than 20 years of experience in the nutraceutical space, Worldwide’s NutraRisk practice group is already the recognized leader delivering insuring products for dietary supplements, CBD, vitamins, health, nutrition and naturalist products. The expansion into regulated cannabis is a natural progression of our continued commitment to its core institutional strengths. Over the course of the last year, they have done more than any other insurance organization to improve the market following the launch of two new insurance carriers (both highly regarded A+ XV carriers) including their best in class, exclusive cannabis offering that was announced in September of 2018.

MJBizCon on the bus

What has been the reaction to your product?

Over the past four years I have placed more than 1,000 policies generating $4.5 million in insurance premium delivering insurance protection to more than $400 million dollars in legal/regulated cannabis sales.

What have been some key milestones for you? 

This past year, I have been honored to serve as an elected board member of The Cannabis Alliance, Washington State’s largest and most influential non-profit advocating for the advancement of a vital, ethical and sustainable cannabis industry.

I am proud to serve my fellow insurance professionals as a panelist for Business Insurance Master Class “Cannabis Cover” held in Denver & Los Angeles in March 2019.

This spring I have been invited to speak by the Defense Research Institute, Washington DC, to the international organization of attorneys defending the interests of business and individuals in civil litigation for their May 2019 installment of “Marijuana Law”.

Where can readers learn more?

Nives@wwfi.com

LinkedIn:              https://www.linkedin.com/in/normanives/

Instagram:           @Cannabiznorm

Twitter                 @CannaBizNorm

 

 

Worldwide Facilities Hires Norman Ives As Broker & Cannabis Specialist In Its NutraRisk Division

CALIFORNIA: Worldwide Facilities has expanded the resources and institutional knowledge of its NutraRisk division, which specializes in Cannabis, Nutraceuticals and Dietary Supplements insurance coverage, with the addition of Norman Ives to its brokerage team.

Screenshot 2018-12-19 09.07.32

As a founding member of the national Marijuana Business Association (MJBA) and a Board Member of Washington’s Cannabis Alliance, Ives is a pioneer and subject matter expert in the nascent cannabis sector. Ives is often quoted in industry press, and, as such, he is a frequent panelist and speaker about the cannabis industry and its emerging insurance exposures and needs. Cannabis is one of the fastest growing sectors of the specialty insurance marketplace. Ives’ significant expertise positions him to offer innovative insurance solutions.

“Cannabis clients face unique business challenges because of the legal and regulatory landscape,” says Ives. “I offer a unique perspective on those challenges, and I look forward to partnering with our agents who serve cannabis clients to help protect those clients’ businesses and enable them to thrive.”

“Norm is a valuable addition to our team, particularly to agents who work in the cannabis industry,” says Morgan Moore, Life Science Practice Leader at NutraRisk. “His expertise with the various cannabis insurance programs, combined with his in-depth expertise in cannabis regulatory requirements, make him ideally suited to this role. Norm will be a huge asset to our clients.

 

Wink-In-Weed: Cannabis Class Is In Session

By David Rheins 

Class is in session for participants in Washington’s legal cannabis trade.  Coming off of the collegial CCC show in Portland, Team MJBA is back in Western Washington this week continuing our quest to provide professional education and promote best business practices for our nascent industry.

Collaboration was the theme of CCC 2016

Collaboration was the theme of CCC 2016

On Tuesday, February 13th,  6-8:30 at the Factory Luxe  in Seattle, MJBA and NWMJ Law will present,“Managing Your 502 Business,” a 2-hour bootcamp designed to review essential business basics, tools and best practices that every I-502 licensed business should follow.  Attorney Anne Van Leynseele, NWMJ Law, will lead the this 2-hour interactive bootcamp, aided by a VIP Panel of cannabis business experts, including Norm Ives, Mosaic Insurance, CPA Dani Espinda, and business consultant Debbie Whitlock.

[youtube http://www.youtube.com/watch?v=9mshbd7MS3E&w=560&h=315]

Seating is limited, so reserve your place today!

Thursday, February 18 is the start of CannaCon,  a 3-day celebration of all things canna-business at Pier 91 on Seattle’s waterfront.  This year marks MJBA’s fourth CannaCon.   It has been truly amazing to witness as the show and the industry develop together. CannaCon founder Bob Smart was one of MJBA’s first business members, joining us back in the fall of 2013!

In preparation for the show, Bob, Dave Mesford and I paid a visit to KLAY 1180 AM last week, appearing on “The 411 on 420” talk show, hosted by Amy Ansel and Darrel Bowman.

The 411 on 420, hosted by Amy Ansel and Darrel Bowman

The 411 on 420, hosted by Amy Ansel and Darrel Bowman

Billed as “the world’s largest cannabis marketplace for products, services and ideas” the 2015 Seattle event claimed more than 11,000 attendees, over 200 exhibitors and 50 educational sessions, with over $6 million in business conducted on the floor.”  This year’s CannaCon promises to be even bigger, with a complete sell out of exhibitor booths, and an all-star lineup of speakers.  The event seminar schedule features three separate tracks: Cultivation, Technology and Business Development, and includes some of the industry’s top voices, including Ed RosenthalAh Warner, Megan Schwarting, Farmer Tom Lauerman, Aaron Pelley, Don Wirtshafter and Kyle Kushman

Canna Con 2016

I will have the honor of playing moderator for much of the Business Track sessions on Thursday and Friday.  We’ll cover a host of important topics. I’m particularly excited about our “Town Hall” session Thursday at 1PM with Washington’s top cannabis regulators: WSLCB Director Rick Garza, Washington Department of Agriculture’s Steve Fuller, and the Washington Department of Health’s Kristi Weeks.

MJBA’s Morgan will be moderating and participating on a Women in Cannabis Panel, along with Crystal Oliver, Danielle Rosellison, Sharon Whitson and Shawn DeNae.

Marijuana Channel One will be capturing all the excitement. Look for our live streaming and tweets, and our exclusive interviews with industry thought leaders here.

Managing Your I-502 Business Bootcamp is Feb 16th In Seattle

WASHINGTON: The Marijuana Business Association (MJBA) and Washington cannabis legal firm NWMJ Law have teamed up to present a series of business “bootcamps” tailored specifically to meet the needs of Washington’s licensed cannabis businesses.

The bi-monthly series kicks off February 16th, 6-8:30PM  at the Factory Luxe (Old Rainier Brewery) with the fundamentals of  “Managing Your 502 Business.”

Attorney Anne Van Leynseele will moderate the event. She has assembled a number of cannabis industry subject matter experts, including Norm Ives, Mosaic Insurance, CPA Dani Espinda, and business coach Debbie Whitlock , who will serve as VIP Panelists during this 2-hour interactive panel presentation.

There is a $10 cover charge for this event. Seating is limited, and RSVP’s are requested: