Senate Introduces Bill To Shield Insurers Covering Cannabis Businesses
Two Senators have introduced a bipartisan bill that would provide a safe harbor for insurance companies that cover legal cannabis businesses, as insurers fear federal prosecution due to the federal illegality of the substance.Kevin Cramer, Republican Senator for North Dakota, and Rubén Marinelarena Gallego, Democratic Senator for Arizona, introduced last week the Clarifying Law Around Insurance of Marijuana (CLAIM) Act, a bill to protect insurance companies from covering cannabis-related busines...
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