The sale of cannabis in some form, in either recreational or medical applications, is now legal in 33 states, the District of Columbia, Puerto Rico and Guam. The legal cannabis industry is expected to reach a total of $57 billion in worldwide economic activity by 2027. Providing coverage for cannabis has the potential go be a highly lucrative and evolving opportunity for insurers.
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The following trend has been updated to include COVID-19 implications, opportunities, and threats. You may view the full report or the graphic report summary below.