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Shops are popping up in state where cannibus is legal. The CannaBOP policy is designed specifically for California cannabis businesses. (Photo: Shutterstock)

California Insurance Commissioner Dave Jones announced Monday that he has approved the first Cannabis Business Owners Policy (CannaBOP) in the State of California. The American Association of Insurance Services (AAIS) designed the new CannaBOP program for cannabis dispensaries, storage facilities, processors, manufacturers, distributors and other cannabis-related businesses operating in the state.

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