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.”

“Velázquez introduced the bill and argued it would help cannabis businesses obtain insurance.”

“Velázquez reintroduced a bill intended to shield insurers serving state-licensed cannabis businesses from federal penalties.”