California’s legalization of recreational marijuana at the start of this year has led to more interest among business owners in the market around getting insurance, according to an expert operating in this space.
“California, for us, has always been an important state, but – we’re usually lagging behind in other states – now California probably accounts for more than a third of monthly submissions that we get,” said Patrick McManamon, founder and CEO of Cannasure Insurance Services, though he added that there’s still a lot of underinsurance going on and it will take a few years to see how the market develops and matures.
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