Insurance Companies That Provide Coverage For Marijuana Businesses Would Be Shielded From Federal Punishment Under New Congressional Bill
Velázquez introduced the CLAIM Act and argued that it would give state-legal cannabis businesses access to insurance protections.
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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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NMNydia M. VelázquezD-New York-7
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