NAIC's Cannabis Insurance Working Group will address the issue of insurance availability for the legalized cannabis industry. (Photo: Shutterstock)
On Tuesday, the National Association of Insurance Commissioners (NAIC) voted to establish a Cannabis Insurance Working Group to address the issue of insurance availability for the legalized cannabis industry.
The initiative was led by California Insurance Commissioner Dave Jones. He proposed that the NAIC establish this working group to enable state insurance regulators to better understand the insurance coverage gaps for the legalized cannabis industry and how to best address these coverage gaps and other cannabis insurance regulatory issues.
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