Health and Fitness

Insurance Agency Becomes First to Offer National Medical Marijuana Coverage

Washington, D.C.–(ENEWSPF)–March 3, 2010.  In the latest sign of a growing embrace of medical marijuana by the business community in this country, a California-based insurer said this week that it will now offer medical marijuana-related coverage in all 50 states.

A spokesman for Statewide Insurance Services said the new program will include operations related to medical marijuana dispensaries and growers, including workers’ compensation, general liability, auto insurance, equipment breakdown and damage, and property or product loss—including marijuana spoilage.

As the cultivation and distribution of state-sanctioned medical marijuana proliferates in 14 states (and counting), it is only right that such establishments receive the same protections as other legitimate businesses. By taking this much-needed step, Statewide is helping to send a strong message to the rest of the country that this nearly untapped-market is not just credible, but ripe for new business opportunities, and here to stay.