Search
 

Home

Instant Insights / Marijuana and the Insurance Industry

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

News

Calif. DOI clears hurdles for potential licensees with cannabis convictions

Certain individuals with past cannabis convictions can now pursue insurance-related licenses under Commissioner Lara's directive.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
“When voters approved Proposition 64, they wanted to clear obstacles for those with prior convictions, and that is what my Department is doing,” said Commissioner Lara. “My Department is committed to creating opportunity for Californians while protecting consumers from fraud and abuse by agents and brokers.” “When voters approved Proposition 64, they wanted to clear obstacles for those with prior convictions, and that is what my Department is doing,” said Commissioner Lara in a release. “My Department is committed to creating opportunity for Californians while protecting consumers from fraud and abuse by agents and brokers.” (Photo: Shutterstock)

California Insurance Commissioner Ricardo Lara recently announced that the Department of Insurance will use its discretion in deciding whether to issue licenses to individuals that have cannabis-related convictions.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Hannah Smith

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.