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California cannabis business insurance is now more widely available

November 10, 2017November 8, 2017 H. Cutner

Businesses working within the legal marijuana industry now have options for covering potential losses. The medical marijuana industry in California has struggled with a significant stigma and, until recently, cannabis business insurance opportunities have been few and far between. That said, coverage is now opening up for these companies who want to protect themselves against losses relating to their facilities, products, or other business related perils. This week, the California Insurance Commissioner, Dave Jones, released a statement to this extent. Jones explained that the California has approved the first cannabis…

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

June 5, 2017June 3, 2017 G. Turner

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…

Insurance rates for medical marijuana uses rise, regardless of how it is used

August 13, 2015August 12, 2015 Julie Campbell

Medical Marijuana Auto insurance statistics

Even if this substance is used medically through vaporizers or consumption, users are still deemed “smokers”. Earlier in the summer of 2015, the Supreme Court of Canada ruled that patients in the country who have legal prescriptions for the use of medical marijuana now have the right to take it in any form, including consumption in food, teas, oils, or smoking, but those patients have been falling into an interesting category when it comes to their insurance rates, regardless of how the drug is used. Many medical marijuana users have…

Medical marijuana may not always be covered by homeowners insurance

October 30, 2014October 28, 2014 Julie Campbell

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…

Medical marijuana plants may not be covered by homeowners insurance

August 13, 2014August 11, 2014 Julie Campbell

As health plan debates continue over this treatment, now property coverage is being drawn into this complex issue. While most people think of health insurance plans when they consider the issue of coverage for medical marijuana, some people who use this medicinal herb are now finding that there are other issues to consider when it comes to the plants, themselves. An issue is starting to develop regarding homeowners insurance policies that aren’t covering stolen plants. While a homeowners insurance policy may cover stolen electronics and jewelry, if a medical marijuana…

Life insurance companies discriminate against marijuana users

April 1, 2014March 29, 2014 Julie Campbell

A newly published report suggests that insurers require these consumers to pay more for policies. A website that provides consumers with life insurance quotes has now released a new report that suggests that people who use marijuana will usually have to pay more for their policies than people who do not. The report is drawing industry attention from both insurers, agents, and consumers alike. This recent news was published under the title “Marijuana Users Discriminated Against by Life Insurance Companies.” It was released on the LifeAnt website and explained that…

Medical marijuana bill drops dead despite popularity

March 24, 2014March 24, 2014 Julie Campbell

medical marijuana autism insurance bill Georgia

The effort for the Georgia bill has now closed despite the fact that both houses had voted in favor. Even though both houses in Georgia had voted in favor of legalizing medical marijuana, the effort died away at midnight on Friday with the close of the legislative session. The issue was in a stalemate in linking the bill with insurance for autistic children. The problem wasn’t that the medical marijuana bill wasn’t adequately supported. It was that the Senate and the House had come to a stalemate over the move…