A bipartisan pair of U.S. senators have filed a bill to provide a safe harbor to insurance companies that work with state-legal marijuana businesses.
The Clarifying Law Around Insurance of Marijuana (CLAIM) Act was introduced on Tuesday by Sens. Kevin Cramer (R-ND) and Ruben Gallego (D-AZ).
The legislation would protect insurers, brokers and agents from being penalized by federal regulators for providing insurance services to state-licensed marijuana companies.
“Much like marijuana businesses are barred from using bank accounts, they are also locked out of insurance markets,” Cramer said in a press release. “Businesses, as we know, obviously assume risk. That’s part of being in business. But the risk for cannabis companies that operate in states where it’s actually legal is especially high.”
“The CLAIM Act makes sure insurers can offer their commercial products to regulated marijuana-related businesses without fear of federal prosecution,” he said.
Much like marijuana businesses are barred from using bank accounts, they are also locked out of insurance markets. Businesses, as we know, obviously assume risk [because] that’s part of being in business. But the risk for cannabis companies that operate in states where it’s…
— Senator Kevin Cramer (@SenKevinCramer) July 22, 2026
Gallego
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