Cannabis businesses licensed by the State of California may now purchase commercial insurance coverage from an admitted commercial insurance company. Insurance Commissioner Dave Jones has approved the filing of the first admitted commercial insurance company to file cannabis business insurance, so that the insurer can begin writing policies and offering coverage for cannabis business owners.
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The nature of marijuana is to burn, or vape, in order to consume. But what if your marijuana is damaged in a fire, lost in a robbery or otherwise destroyed? Does your insurance cover it?