Federal Marijuana Ban Deters Insurers as U.S. States Legalize

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Federal marijuana ban deters insurers as U.S. states legalize

Flickr/ Antoine Collet/ (CC BY-NC 2.0)

The legal use of marijuana could increase substantially by the end of the year as several U.S. states, including California, vote on its use for recreational or medical purposes. This could open new markets for insurance coverage in areas including property and casualty and health. However, insurers, principally regulated by the states, are unlikely to step in while federal regulations still criminalize use of the drug.

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