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Canisters of medical marijuana for sale in the cases inside Highland Health, a medical dispensary and wellness center in Denver, Colorado, U.S., on Wednesday, Nov. 4, 2009. (Photo: Matthew Staver/Bloomberg) Canisters of medical marijuana for sale in the cases inside Highland Health, a medical dispensary and wellness center in Denver, Colorado, U.S., on Wednesday, Nov. 4, 2009. (Photo: Matthew Staver/Bloomberg)

This week, Senator Bob Menendez of New Jersey introduced a bipartisan bill that would ensure legal marijuana and related businesses have access to comprehensive and affordable insurance coverage.

The Clarifying Law Around Insurance of Marijuana (CLAIM) Act, which is co-sponsored by Senators Rand Paul (R-Ky.), Jeff Merkley (D-Ore.) and Kevin Cramer (R-N.D), could expand insurance coverage for thousands of cannabis businesses.

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

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