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I didn't get rid visited today called pipe dream come true insurance for the medical marijuana industry Mike -- -- is national director for the medical marijuana spot for the division of statewide insurance.
Annie joins us now -- -- -- author is on this as I've just said three times but.
My question -- you why why does the insurance industry business wanna go into medical marijuana when it's not legal nationwide.
Well you know the the industry itself is is legal in fourteen states of the insurance companies recognize that and they recognize them.
As a legal business -- the voters of that state.
And they need to have insurance.
For those business -- the businesses themselves.
Or the industry itself might say actually looking forward to having insurance we've actually met with all the leaders of the community and and really they are excited that insurance is now participating in in the legitimacy of the industry.
Figure you're looking at it they get insurance to the businesses.
Not to medical marijuana users percent.
That is correct yeah we are ensuring the businesses the dispensaries the delivery services.
Which is one of our new programs that we just recently started up or bring in this nationwide -- -- all fifty states.
But we're in fourteen right now that are legal I think you're competent and bet that this is gonna cut nationwide -- you've got to -- something other.
Well absolutely I mean there are ten states right now that are have initiatives on about that are looking to vote on this year.
So you know you're you're adding 24 states it could possibly overall.
Have medical marijuana laws.
Some states have it as a patient only growth.
No dispensaries in some states allow businesses to come in and dispense it for them.
February insuring against simple things like but no fire destroying the product or theft or mean what what exactly are you -- -- Insuring for these businesses that -- -- medical marijuana.
Well we're insuring for the the general liability which is your your typical bodily injury and property damage.
Who were also -- for fire and theft of not only just the business personal property but also the harvested -- or marijuana medical marijuana as well.
We also -- for the growth.
Four when it comes from -- to harvest.
So we're insuring every aspect of that plant.
From the time to grow -- touches it all the way until the end patient touches and he's insure against lawsuits against the company is well.
It all depends on the policy and the client -- there are various from policies that could.
Insurer for that.
And there were also covering for workers' comp in auto.
Do you know errors and emissions cyber coverage which is a new one because a lot of these people a lot of businesses.
Have very vital information and they want to make sure that they're -- guarding.
All right my cap relief from state -- -- -- insurance excuse me well.
You may be the first but may have been the last concert should thank you might very much.
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