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.
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You have to love a scrappy fighter. The District of Columbia legalized marijuana for medical use in 2010. In March 2014, the DC City Council moved to decriminalize private recreational use. On June 25, 2014, House Republicans moved to block funding for that law.
The future of medical marijuana dispensaries may be cut short due to the implementation of recreational shops in states like Colorado and Washington.