so now it's our job as state officials to make sure that we successfully implement the legalization of cannabis," added Jones. Chris Jones , California 's insurance commissioner , has held a public forum to discuss the coverage gaps in the state 's cannabis industry . Cannabis usage among adults for recreational reasons will become legal in California in January . The industry is slated to be worth between $ 20bn and $ 25bn within five years . While some surplus lines insurers provide coverage for the emerging industry , very few commercial insurers have developed policies . Jones has already embarked on an initiative to help commercial insurers provide more coverage for the cannabis sector .
Chris Jones , California 's insurance commissioner , has held a public forum to discuss the coverage gaps in the state 's cannabis industry . Cannabis usage among adults for recreational reasons will become legal in California in January . The industry is slated to be worth between $ 20bn and $ 25bn within five years . While some surplus lines insurers provide coverage for the emerging industry , very few commercial insurers have developed policies . Jones has already embarked on an initiative to help commercial insurers provide more coverage for the cannabis sector .