The CLAIMS Act aims to ensure marijuana and related business can access comprehensive and affordable coverages. (Credit: Yarygin/Shutterstock.com) The CLAIMS Act aims to ensure marijuana and related businesses can access comprehensive and affordable coverages. (Credit: Yarygin/Shutterstock.com)

Sen. Bob Menendez (D-N.J.) has reintroduced the Clarity Law Around Insurance of Marijuana (CLAIM) Act, which, if passed, would help legal marijuana and related businesses access comprehensive and affordable insurance coverages including workers’ comp, property, casualty and title insurance.

The bill is co-sponsored by Sens. Rand Paul (R-Ky.), Jeff Merkley (D-Ore.) and Kevin Cramer (R-N.D.). Congresswoman Nydia M. Velazquez (D-N.Y.-07) plans to introduce companion legislation in the House of Representatives, according to a release from Sen. Menendez’s office.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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