Insuring cannabis companies remains problematic

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Cannabis’ place in U.S. society — and the question of its legality — has been debated since the beginning of the 20^th century.  The movement to prohibit cannabis hit its high watermark in 1970 when President Richard Nixon signed the Controlled Substances Act into federal law, which designated cannabis as a Schedule I drug and made its possession, distribution and sale a punishable offense. Since that time, however, the pendulum has swung aggressively in the other direction.