California commissioner to insurers: Serve marijuana firms

420Patients.com is accepting qualified medical marijuana patients and caregivers to join our network. We value every registered member and we hope to serve you in Arizona. This article brought to you by 420 community friends mmjbusinessdaily.com

California’s insurance commissioner is calling on insurance companies to provide coverage to cannabis firms in the state.

Commissioner Dave Jones’ efforts are notable given that insurance would be mandatory for cannabis businesses under proposed rules drafted by California regulators.

Jones is conducting a series of meetings with major insurance carriers in the state at which he is appealing to them to serve marijuana businesses, the Orange County Register reported.

Because insurance companies depend on federal licenses, most do not insure cannabis companies. Insurers fear that doing business with a firm that works in cannabis, which is federally

California commissioner to insurers: Serve marijuana firms is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Leave a Reply

Skip to toolbar