Purple Haze: Marijuana Legalization and the Impacts on Insurance

Casualty Actuarial Society

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DATE: Monday, May 16, 2016

TIME: 10:45 AM - 12:00 PM

VENUE: Sheraton Seattle Hotel, Seattle, WA

This session will discuss the impact of marijuana legalization in Washington and other states on the insurance industry.  The session will start with a brief history of prohibition/legalization of marijuana.  This will be followed by the interaction between Federal and State laws and authorities.  The session will then discuss the difficulties of how legal marijuana and its effects are currently insured in the marketplace.  Comparisons and contrasts to similar exposures will be discussed.  Finally, a panelist will discuss, from an insurance perspective, the intended and unintended coverages as well as additional possible risks to the insurer.  This will be followed by Q&A from the audience.

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