Even before the first wisp of legalized recreational marijuana smoke hit the air nearly five years ago, there were many questions regarding what ramifications this drug would have on the insurance industry.

Today, with more than half of the states decriminalizing or legalizing the use of marijuana for recreational or medical use, questions still abound.

Coverage questions

Although some insurers have been cautious in offering coverage to businesses involved in the multi-billion dollar marijuana industry, others have seen this as a niche opportunity. Because businesses in the marijuana industry face unique challenges, yet have all of the traditional insurance needs, insurers are still working out coverage questions.

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