Mike Rosenthal
Irvine, CA (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Rydel Insurance Services
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Startup
Location:
Irvine
Industry:
Insurance
Year Founded:
2017
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
Rydel Insurance Services is the management company for the Cannabis Risk Management Association and its captive insurance company. We are creating the only commercial insurance program in the cannabis industry that will be owned by its insureds and jointly governed by cannabis and insurance professionals.
The cannabis industry is growing at 33% per year and it suffers from a lack of quality insurance options. We have the opportunity to have a positive impact on the industry by providing much needed insurance products and risk management tools that help these businesses run more effectively. This also creates the opportunity for substantial returns to our investment partners.