In the cannabis industry, claims management is the structured, end-to-end process of handling insurance or legal demands following a loss. This includes everything from the moment a “risk event” occurs—such as a crop failure, a product recall, or a workplace injury—to the final financial payout or legal resolution. As of 2026, claims management has shifted from a manual, “reactive” task into a data-driven strategy. Because the industry is under high regulatory scrutiny, a single mismanaged claim can jeopardize a business’s entire license.