House lawmakers make a fourth attempt at a federal safe harbor for cannabis insurers
Velázquez reintroduced a bill intended to shield insurers serving state-licensed cannabis businesses from federal penalties.
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 reintroduced the CLAIM Act, which would shield insurers serving state-licensed cannabis businesses from federal penalties. A Senate companion is in committee, but earlier versions failed and no hearing is scheduled for the House bill.
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NMNydia M. VelázquezD-New York-7
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