By Editor in Chief on Wednesday, 24 February 2016
Category: Business & Finance

For insurers, no rush to offer pot coverage - Marijuana News

Marijuana may be the fastest growing industry in the U.S., with expected yearly revenue of $11 billion by 2019. So, why aren't major insurance companies providing coverage?

Duh, it's still illegal under federal law, dude.

Although "medical" marijuana is now legal in at least 22 states and the District of Columbia, for the most part "recreational use" isn't, even though a majority of the country now favors it, according to a recent Gallup poll.

Even teetotaler states are greedily eyeing the $61 million in taxes and fees that Colorado derived in only one month after it passed legislation allowing both medical and recreation use.

Click here to read the complete article

Ed Leefeldt ~ CBSNews.com ~

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