US Lawmakers Introduce Bill to Assist Cannabis Businesses in Getting Insurance
Velázquez introduced the bill and argued it would help cannabis businesses obtain insurance.
Part of a bigger event
Insurance Companies That Provide Coverage For Marijuana Businesses Would Be Shielded From Federal Punishment Under New Congressional Bill3 articles·3 sources
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tl;dr
Representatives Nydia Velázquez and Warren Davidson introduced the bipartisan CLAIM Act to protect insurers serving state-legal cannabis businesses from federal penalties and liability. The bill would limit federal agencies’ ability to discourage such coverage, while leaving insurers free to decline it.
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NMNydia M. VelázquezD-New York-7
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