Tag: legalized marijuana

Auto insurance statistics show collisions are greater in states with legalized marijuana

G. Turner
Medical Marijuana Auto insurance statistics

The data is in and it’s not good news for the states that have legal pot, as car crashes are more common. Recent auto insurance statistics from an industry study has linked a spike in car accident claims with the legalization of recreational pot use. The findings are the result of a Highway Loss Data Institute analysis. The insurance research group reported an average 2.7 percent increase in crashes where marijuana is legal. Washington, Colorado and Oregon have all seen a considerable increase in their auto insurance statistics regarding traffic…

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Medical marijuana may not always be covered by homeowners insurance

Julie Campbell
medical marijuana - insurance policy

This legalized drug has been drawing attention within several coverage sectors, including property. As the legalization of medical marijuana spreads throughout an increasing number of states, questions about the coverage that will be provided in areas such as health and homeowners insurance have started to arise from consumers. The obvious coverage is in terms of health, but property and liability insurance also plays a vital role. Consumers now want to know if their homeowners insurance will pay out if their medical marijuana plants are ever destroyed by a house fire…

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Insurance brokers are looking to the marijuana “green rush”

Julie Campbell
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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Insurance industry changes ahead with legalized marijuana

G. Turner
Medical Marijuana Auto insurance statistics

There will be a number of differences on their way, and within more than one sector. From the moment that marijuana was legalized in the United States, some of the largest cannabis derived food and drug developers saw their shares skyrocket, as other sectors, such as the insurance industry, began a notable transformation in several directions. This legislation affects policies, companies providing related services, and even equipment producers. What had previously been an environment that was completely in the black market has now emerged to implicate everything from the insurance…

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