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Cannabis businesses face unique risks and challenges, and insurance slowly gaining its footing on how to properly insure this budding industry.

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Driving under the influence. The likelihood of traffic fatalities could increase by as much as 12% after 4 p.m. on April 20th due to drivers operating vehicles while under the influence of cannabis in recognition of National Weed Day, or ’4/20′. (Photo: Shutterstock)

As the legalization of cannabis grows, the annual ’4/20 stoner holiday’ is celebrated with gusto by marijuana consumers nationwide.

National Weed Day is April 20th, and the American Property Casualty Insurers Association (APCIA) is warning drivers to be extra cautious this weekend. The JAMA Internal Medicine says that traffic fatalities are 12% more likely to occur that day after 4:20 p.m. compared to the number of incidents during the same period for the previous week.

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Patricia L. Harman

Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]

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