Health insurance coverage for medical cannabis, a potential game changer for medical marijuana operators and the cannabis industry writ large, remains a distant dream as long as federal prohibition continues.
That’s unlikely to change if a tweak to Medicare reimbursement rules proposed Friday goes through, as it would cover only a small list of hemp-derived products.
And CBD is not among them.
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Speculation that government-subsidized health insurance could potentially cover CBD treatments beyond the sole Food and Drug Administration-approved pharmaceutical drug grew last week.
That was after Bloomberg reported the Centers for Medicare & Medicaid Services was considering covering CBD treatments for certain seniors.
Such coverage would be a potential boon for the $28.3 billion U.S. hemp sector, currently facing an extinction event
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