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 .
Dave Jones, California's insurance commissioner, has held a public hearing to discuss the coverage gaps facing 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 offer more coverage for the cannabis sector.