California’s Dave Jones asks for cannabis insurance coverage in the state

cannabis business insurance marijuana

Large players in the insurance industry are typically staying away from the drug, even where it’s legal. California Insurance Commissioner Dave Jones is seeking to improve the cannabis insurance availability in the state. The primary issue is that large insurance companies are hesitant to provide coverage in this portion of the industry. The United States is regularly launching regulated and perfectly legal markets in which patients can shop. Despite the fact that these markets are indeed regulated and legal, insurers, like banks, have stayed away. Jones is seeking to change…

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Insurance brokers are looking to the marijuana “green rush”

medical marijuana - insurance policy

As a growing number of areas start to legalize medical and even recreational use of cannabis, a new market is growing. Many areas across the United States – as well as in various other parts of the world – there has been a growing momentum on a political and cultural front to legalize both the medicinal and recreational use of marijuana, and insurance brokers are among those who have spotted a considerable change in business that is now on its way. There are a number of opportunities that could rapidly…

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