California Company Becomes First to Offer Commercial Insurance to Marijuana Businesses

California Insurance Commissioner Dave Jones has announced that for the first time legal marijuana businesses in the state now have an insurance company willing to offer them commercial insurance.

According to Jones, legal marijuana businesses are now able to purchase commercial insurance from Golden Bear Insurance Company, the first company willing to offer such services to the marijuana industry. The insurer was given approval last week to began providing commercial insurance to marijuana businesses that are explicitly following state law.

“Consumers who visit cannabis businesses, workers who work there, businesses who sell products to or rent property to cannabis businesses, and the investors, owners and operators of cannabis businesses all should have insurance coverage available to help them recover when something goes wrong just as any other legalized business does,” said commissioner Jones in a statement.

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Canada Human Rights Board Rules Employee Insurance Must Cover Medical Marijuana Expenses

An independent human rights board of inquiry in Canada has ruled that medical marijuana expenses should be covered by an employee’s insurance plan.

(Photo: TruthOnPot.com)

The case revolves around Gordon Skinner, a resident of Head of Chezzetcook who had a motor vehicle accident while working as an elevator mechanic. He had been denied coverage for medical marijuana, even though it relieved his chronic pain symptoms over conventional treatments and even though he had health insurance through his employer.

Benjamin Perryman, chair of the human rights board, ruled that Skinner’s plan (a basic healthcare plan) includes conditions and rules for the coverage of medical marijuana as an eligible expense, given it’s a prescribed medicine like others that are covered.

Read moreCanada Human Rights Board Rules Employee Insurance Must Cover Medical Marijuana Expenses