Across the country there is a broad consensus for legalization of cannabis, for a number of reasons from raising needed tax revenue for local governments, to putting an end to pouring resources into arresting, prosecuting and jailing offenders, to those who would argue cannabis is lower risk then alcohol, to those who believe there is a medicinal value, and others who quite simply note it’s a plant that grows naturally on our planet.

Recently Michigan became the 10^th state to legalize recreational marijuana, 33 other states allow for medicinal marijuana.  The State of Alaska has a legal recreational cannabis industry, creating opportunities for cultivators, retail outlets, testing facilities and manufacturing operations to employ Alaskans and generate revenue that is otherwise going into the black market.

For cannabis business owners, they still face a stigma in certain segments and of course the fact that cannabis is still federally illegal.  This effects the way they transport product, and the way the transact business in the financial sector, including banking and insurance. 

Some insurance brokerages may elect not to engage clients in the cannabis industry, and we certainly respect their right and decision to make their own choices.  In some cases it could be a brokerage owned by a bank who is subject to federal banking laws, and in other cases it may simply be a moral decision that is made.