Nine Point Strategies

What Nine Point Strategies does

Nine Point Strategies (NPS) is a privately held, Roseville/Woodland Hills, California-based risk management firm founded in 2016 that specializes exclusively in serving the cannabis and hemp industries. The company offers four integrated service lines: insurance placement (general liability, property, crop, product liability, workers compensation, commercial auto, cyber, EPLI, cargo/stock throughput, lessors risk, D&O, license bonds), HR consulting (employee handbooks, lifecycle forms, dedicated phone/email specialists), OSHA and safety services (IIPP development, hazard communication, emergency action plans, training), and employee benefits consulting (medical/dental/life/disability, FSA/COBRA, voluntary benefits, 401K). NPS also operates the HISIG (Household Industries Self-Insured Group) California workers' compensation self-insured program, which launched in 2005 and reportedly delivers 20-40% premium savings versus guaranteed-cost policies.

Name

Nine Point Strategies

Legal name

Nine Point Strategies

Website

https://ninepointstrategies.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Nine Point Strategies is a niche risk management and insurance brokerage firm providing specialized insurance placement, HR consulting, OSHA compliance, and employee benefits services exclusively to cannabis and hemp businesses across 16 US states.

Ownership category

akta.pro rank

Headquarters

HQ city

Roseville

HQ country

United States

HQ region

North America

Offices17 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Placement Services: Insurance placement for cannabis businesses including general liability, property, crop, product liability, workers compensation, commercial auto, management liability, cyber, EPLI, cargo/stock throughput, and lessors risk. Revenue generated through commissions from insurance carriers they represent.
2. HR Consulting Services: Human resources consulting including employee handbook development, employee lifecycle forms, dedicated phone/email support, HR audits, and compliance poster services. Billed as ongoing consulting engagements.
3. OSHA & Safety Services: OSHA compliance services including IIPP development, Chemical Hazard Communication Program, Emergency Action Plans, safety trainings, and general safety consulting. Professional consulting services for cannabis operations.
4. Benefits Consulting: Employee benefits placement including medical, dental, life insurance, disability, flexible spending accounts, COBRA administration, voluntary benefits, and 401K retirement plan consulting. Revenue through carrier partnerships and TPA services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Nine Point Strategies delivers risk management services exclusively to cannabis and hemp operators, combining insurance brokerage with HR consulting, OSHA and safety services, and employee benefits consulting. The firm places coverage with leading cannabis-industry carriers across general liability, property, crop, product liability, workers compensation, commercial auto, cyber, EPLI, cargo, and lessors risk, and supplements these placements with consulting and a proprietary driver compliance technology platform (StratTrax) and the HISIG workers' compensation self-insured group.

Product overview

Nine Point Strategies is a risk management firm offering specialized insurance and consulting services exclusively for the cannabis industry. The company's primary technology offering is StratTrax, a driver compliance platform that provides 24/7 access to driver information and helps standardize daily employee file updates. Beyond StratTrax, the company provides a portfolio of professional services including insurance placement (general liability, property, crop, workers compensation, commercial auto, cyber, EPLI, cargo, and lessors risk), HR consulting, OSHA and safety services, and employee benefits consulting. The company also operates the Household Industries Self-Insured Group (HISIG) program for workers' compensation in California and offers cannabis license bond application services.

Differentiator

Problem solved

Functional benefit

Brands

• HISIG: Household Industries Self-Insured Group - a California Non-Profit Mutual Benefit Corporation providing workers' compensation benefits to member employers in the cannabis and home improvement industries.
• Strattrax
• CannaGen Insurance

Products and services

• Insurance Placement for Cannabis Businesses Insurance brokerage placing cannabis-industry-specific coverage (general liability, property, crop, product liability, workers compensation, commercial auto, cyber, EPLI, cargo/stock throughput, lessors risk) with leading cannabis carriers for cultivators, retailers, distributors, manufacturers, labs, and property owners in the cannabis and hemp supply chain.
• HR Consulting for Cannabis Operations Outsourced human resources consulting for cannabis operators, including employee handbook development, employee lifecycle forms, dedicated phone and email support with assigned HR specialists, HR audits, and compliance poster services — provided as an extension of the customer's HR function.
• OSHA and Safety Services OSHA compliance and workplace safety services for cannabis operations, including IIPP development, Chemical Hazard Communication Program, Emergency Action Plans, safety trainings, and general safety consulting.
• Employee Benefits Consulting Employee benefits consulting and placement for cannabis operators covering medical, dental, life insurance, disability, flexible spending accounts, COBRA administration, voluntary benefits, and 401K retirement plan consulting, delivered through carrier partnerships and TPA services.
• StratTrax Driver Compliance Platform A proprietary, cannabis-industry-specific driver compliance platform providing 24/7 online access to driver status, tracking expiration dates for employee non-owned auto insurance, delivering weekly driver status reports, and offering sorting features for multi-location operations.
• HISIG Workers' Compensation Self-Insured Group California Non-Profit Mutual Benefit Corporation providing workers' compensation benefits to member employers in the cannabis and home improvement industries, delivering 20-40% savings on workers' compensation costs through self-insured group pooling.
• Cannabis License Bond Application Surety bond application and placement service for cannabis license bonds, with bond applications starting at a $5,000 minimum bond amount, fulfilled through online self-serve application on the firm's website.

Quantifiable outcome

• 20% to 40% savings on workers compensation costs for cannabis operators through HISIG self-insured group program

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• CannaGen InsurancecoreStrategic or Co-development Partner · 1 January 2017Partnership with CannaGen Insurance for NextWave Cannabis Program providing product liability coverage for cannabis industry operators. Mike Aberle serves as Program Director representing the partnership at industry events.
• Women GrowminorGTM or Marketing Partner · 1 January 2017Partnership with Women Grow, an organization connecting, educating, and empowering women in the cannabis industry through programs, community, and events. Founded in 2014 in Denver.
• Total LeafminorGTM or Marketing Partner · 1 January 2017Featured partner relationship at NCIA Business Summit 2017. Total Leaf founder Chris Cohan discussed manufacturing operations in the cannabis industry.
• CCIA (Cannabis Critics Industry Association)coreGTM or Marketing Partner · 1 January 2017CCIA Membership Manager Justin McCarthy featured at NCIA Summit discussing how CCIA is helping California market evolve. Nine Point Strategies is an active member and participant.
• CHASM IncminorStrategic or Co-development Partner · 1 January 2017Partnership with CHASM Inc for CPR and First-Aid training in the cannabis industry. Training presented as crucial part of cannabis business safety programs.
• Foy & AssociatescoreTechnology or IntegrationPartnership with Foy & Associates for dental, life insurance, and COBRA administration services. Provides access to extensive carrier network for benefits programs including voluntary benefits, 401K consulting, and consolidated billing services.
• Discovery BenefitscoreTechnology or IntegrationPartnership with Discovery Benefits as licensed Third-Party Administrator (TPA) for flexible spending account programs including Premium Only Plans, Health Care Spending Accounts, Dependent Care Spending Accounts, and Full Flex Dollar Allocation Plans.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Hub International: Global insurance brokerage with a dedicated cannabis industry practice serving cultivators, processors, and retailers. Comparable as a broad incumbent with the carrier access and geographic scale that competes against specialist brokers like NPS.
• Brown & Brown Insurance: Large national insurance brokerage that has built out a cannabis and hemp practice within its broader commercial portfolio. Comparable as a competitor that can offer cannabis coverage alongside a full mainstream product suite, leveraging scale advantages NPS lacks.
• Acrisure: Large insurance brokerage platform with specialty practices including cannabis coverage and risk management. Comparable as a broad incumbent leveraging technology investments and carrier access to serve cannabis operators alongside mainstream commercial clients.
• Arthur J. Gallagher & Co. Major global insurance broker with a cannabis industry vertical offering risk management, insurance placement, and benefits consulting to operators. Comparable as a broad incumbent whose cannabis practice overlaps directly with NPS's service portfolio.
• Marsh McLennan: Global insurance and risk advisory firm with cannabis industry capabilities across placement, claims, and risk consulting. Comparable as a broad incumbent whose cannabis practice competes for the same multi-state operator and MSO accounts NPS targets.

Direct peers

• Cannabis Industry Advisory Group: Boutique insurance and risk management advisory dedicated to cannabis operators across cultivation, manufacturing, retail, and distribution. Comparable as a specialist brokerage with multi-line coverage offerings aimed at the same customer base as NPS.
• Frontier Insurance Group: Specialty insurance brokerage serving cannabis, hemp, and CBD businesses with multi-state placement and risk management services. Directly comparable scope and customer base to NPS.
• Vantreese Insurance Group: Independent insurance agency with a cannabis specialty practice offering general liability, product liability, crop, and property coverage to licensed operators. Comparable as another cannabis-focused agency competing for the same carrier relationships and customer segments.
• Bloom Insurance: Cannabis-specific insurance brokerage combining licensed agency services with technology-enabled quoting and policy management. Directly comparable as a specialist broker serving cultivators, dispensaries, and processors with similar insurance placement value proposition.
• IGP Insurance (formerly CannaGen Insurance): Specialty insurance brokerage focused exclusively on cannabis and hemp operators, offering general liability, property, product liability, and crop coverage. Highly comparable as a cannabis-only insurance agency with similar carrier-representation model and customer segments to NPS.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ninepointtv

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nine Point Strategies