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The complex state of insurance in the cannabis business

As the acceptance and use of medical and recreational marijuana continues to grow across the country, policyholders in the cannabis space continue to face the potential to be caught between conflicting state and federal regulatory schemes.

At the state level, 33 states and the District of Columbia permit only medicinal-use marijuana,[1] an additional 15 states have gone as far as legalizing both medicinal-use and recreational-use marijuana,[2] and two lone states still prohibit the use of marijuana altogether. [3]

But, while certain usage has been legalized at the state level, supporters of legalization have yet to make substantive inroads when it comes to…

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Published: September 10, 2021

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