You can’t get health coverage for medical marijuana, NJ company wants to change that

Is the Marijuana Industry Recession-Proof?

For the past decade or so, the green flag has been waving on the legal marijuana industry. What had once been a taboo topic that was swept under the rug by legislators is now very much considered a fast-paced industry. As we look at the legal landscape today, Canada allows recreational marijuana, Mexico has OK'd medical pot, and 33 U.S. states now have medical marijuana laws firmly on their books. In other words, marijuana has turned into a big-money business.

Insurers Remain Cautious About Marijuana Insurance Market

The marijuana industry is an opportunity for insurers as more states have legalized the drug. But there are still risks in play that could limit wider carrier participation, A.M. Best said in a new report.

Cannabis Legal Market Size Projections

The North America legal cannabis market amounted to almost $14 billion in 2019, growing by almost 30 percent on the year. The largest market was the United States, which totaled $12.2 billion. It was followed by Canada with about $1.7 billion.