California Asks Major Insurance Carriers to Cover Cannabis Industry

California’s attempt could begin to entice major insurers into the cannabis market, which would likely open doors to a wider variety of policy options in other legal states.

Much like how big banks have kept their distance from cannabis, large insurance carriers have generally stayed away from the industry even as states across the US continue to launch legal, regulated markets for patients and consumers.

California Insurance Commissioner Dave Jones wants to change that.

Jones, a former state lawmaker and Sacramento City Council member, will be holding a series of meetings aimed at educating major insurers and convincing them to begin insuring the industry.

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