Insurance Agency Becomes First to Offer National Medical Marijuana Coverage
In the latest sign of a growing embrace of medical marijuana by the business community in this country, a California-based insurer said this week that it will now offer medical marijuana-related coverage in all 50 states.
A spokesman for Statewide Insurance Services said the new program will include operations related to medical marijuana dispensaries and growers, including workers’ compensation, general liability, auto insurance, equipment breakdown and damage, and property or product loss—including marijuana spoilage.
As the cultivation and distribution of state-sanctioned medical marijuana proliferates in 14 states (and counting), it is only right that such establishments receive the same protections as other legitimate businesses. By taking this much-needed step, Statewide is helping to send a strong message to the rest of the country that this nearly untapped-market is not just credible, but ripe for new business opportunities, and here to stay.
13 comments
Kudos to Statewide Insurance. Now all the patients who cant afford their medicine have a way of obtaining it.
I hope more large companies stop shying away from marijuana and start looking at it as a legitimate business opportunity. I dont want marijuana to be controlled by the government or the corporations but I think money is the only thing that will ever get large corporations on the side of legalization.
Free The Weed. Free The People.
wow !! that is some really good news in a dismal economy … at least some of us will be taken care of .
This is awesome, but if we can’t get it legalized then this insurance doesn’t matter:
VOTE for Legalizing Marijuana on Change.org:
I am hoping that MPP, NORML, SSDP, LEAP and others will use their email lists and get behind this vote. They ask us to go support their videos, questions, ideas…. so hopefully they will rally behind us and get their email lists involved. The idea has dropped into 7th place, and there are many that are very close behind. Now is the time for us to be active!
9 days to go….
There is time to secure our spot in the discussion and there is plenty of time to lose it. What is your choice???
MPP, NORML, SSDP, LEAP…. Can we count on you???
http://bit.ly/cMZCHB
now if we can only get health insurance to cover it for patients
Even when it becomes legal for one and all there will be a market for business insurance. There will be a HUGE industry to serve in thousands of ways even without the medical business.
This is GREAT! But, what we really need is this: http://www.cannabistaxact.org/
It’s good to see this turn toward professionalism in the Medical Marijuana industry to further the legitimacy of the business. It may take a few more years, but hopefully it will no longer be viewed as some spooky taboo medicine.
come on people the insurance coverage is for the business not a perscription drug coverage type insurance ..it so if your dispensery burns down you have coverage and things like that ..
@Gary – I stand corrected, it is business insurance and not health coverage. Either way it’s a positive thing for the movement. Wall Street Journal already had an article how marijuana is the cash crop of the future and that’s what we need, more legitimate business around marijuana.
Free The Weed. Free The People.
Everybody wins.
wouldn’t feel comfortable even if it was personal insurance…in cali you get your doctors rec and can get what you want, but some get the state I.D…I wouldnt, seems like those with the state I.D are tagged so to speak…no way I put my name in their system so that when a cop runs my license plate he pulls me over.
I dont think this is gonna offer so called Medical “Pot” Insurance. Actually from reading the news post im sure of it. This company is going to offer “Business Insurance” for the businesses selling the product. It will not be like a medical “pot” drug card or something. Basically this is insurance for the Business end and NOTHING for the consumer!!!!
whoops just finished reading the comments.. looks like someone already pointed this out. Cheers
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