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Rancho Cordova-based insurer launches medical marijuana coverage
Sacramento Bee

A Rancho Cordova-based insurer Monday launched what it calls the first nationally available insurance coverage designed specifically for the medical marijuana industry.

Only 14 states allow use of medical marijuana today, but Statewide Insurance Services is nonetheless offering coverage in all 50 states.

“Given the growth in the industry, I think it’s only a matter of time” before other states allow medical marijuana, said Mike Aberle, a commercial insurance agent with the local firm and national director of its Medical Marijuana Specialty Division.

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