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A major insurance company in the United States apparently has a policy of its own: It won’t provide life insurance to people in the legal marijuana industry.
The affair raises broader issues about the ability of marijuana industry employees and executives to secure life insurance and other benefits.
The issue came to light when Derek Peterson, the CEO of Terra Tech, tried to obtain a life insurance policy from Mutual of Omaha, and was denied. In a letter to Peterson, the company stated explicitly that the reason for the denial is because Terra Tech is a cannabis company.