Insurance Companies That Provide Coverage For Marijuana Businesses Would Be Shielded From Federal Punishment Under New Congressional Bill
Davidson introduced the CLAIM Act and said insurers should be free to serve businesses operating legally under state law.
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tl;dr
Reps. Nydia Velázquez and Warren Davidson introduced the CLAIM Act, which would shield insurers serving state-licensed marijuana businesses from federal penalties. The bill would also require a GAO study of barriers to cannabis businesses’ access to financial services.
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WDWarren DavidsonR-Ohio-8
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