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First Nationally Available Insurance Coverage for Medical Marijuana Available

The first nationally available insurance coverage for medical marijuana is now available. Statewide Insurance Services, an insurance company from Rancho Cordova, will now offer coverage in the United States. This coverage is available in the 14 states that allow medical marijuana use and also in the remaining 36 which do not...yet. Mike Aberle, a commercial insurance agent and national director of Statewide Insurance Services Medical Marijuana Specialty Division, expects most states to advance medical marijuana: "Given the growth in the industry, I think it's only a matter of time....Now that we can offer (services) in all 50 states, we can start the minute they go legal, without delay."

Nationwide Insurance Services will provide medical marijuana dispensaries with coverage as well as patients in need of medical marijuana. The company also covers "all aspects of the industry" per Aberle, including worker's compensation, liability, auto insurance for vehicles transporting the pot, equipment coverage, property and product loss, and also any other operations related to marijuana growing.

California voters passed Proposition 215 in 1996 that allowed doctors and dispensaries to give patients suffering from complications due to cancer treatments, anorexia, AIDS, chronic pain, spasticity, glaucoma, arthritis, migraines, and/or illnesses that "marijuana provides relief." Since Obama's lead of the administration, the number of dispensaries has dramatically increased in the past year, numbering perhaps over 2,000. Obama will not arrest growers or sellers as long as they follow state laws, unlike the previous federal officials who would prosecute them for violating federal laws.

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