California Insurance Commissioner Dave Jones sent a letter last week to the state’s insurers urging them to offer insurance products for the legal cannabis industry.

In the letter, Jones indicated that he would “not object to proposed rates for the industry that have a rational basis.”

“The mission of the California Department of Insurance is ‘Insurance Protection for All Californians,’" he said. 

"We work with the insurance industry to promote a healthy insurance market that offers insurance products to meet the ever-changing needs of Californians and California businesses."

Click here to read the complete article

TG Branfalt ~ Ganjapreneur.com

Recent News Articles

Monday June 24

Could CBD Fight Superbugs? Marijuana Compound Shows Promise As an Antibiotic - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

The quest for new antibiotics has led researchers to a surprising candidate: the marijuana compound…

262 hits

Monday June 24

Cannabis Brands Need to Establish a Purpose That Doesn’t Rely on Marijuana Puns - Cannabis…

in Finance

by Bruce Kennedy - Editor in Chief

Most have no brand relevancy or purpose and are woefully inept at creating brand experience.

287 hits

Monday June 24

Japanese students more open to use of marijuana, survey suggests - Cannabis News

in World News

by Bruce Kennedy - Editor in Chief

Japanese junior high school students have become more open to the use of marijuana, in…

263 hits

Monday June 24

South Carolina hemp farming could top 3,000 acres as states scramble for a piece of…

in Cannabis News

by Bruce Kennedy - Editor in Chief

In just its second year growing hemp, South Carolina is projecting a 1,200% increase in…

672 hits

Tuesday June 25

Illinois becomes 11th state to allow recreational marijuana - Cannabis News

in Top Stories

by Bruce Kennedy - Editor in Chief

Illinois’ new governor delivered on a top campaign promise Tuesday by signing legislation legalizing small…

552 hits