According to an AP Online report, insurers are paying out claims to a growing number of medical marijuana users whose backyard pot plants were stolen by thieves or confiscated by police. The payouts are not based on the street value of the drug, but AP reported that one insurer paid $12,375 to a man who lost three pounds of pot to an armed intruder. Currently, eight states allow medical marijuana: California, Oregon, Washington, Arizona, Alaska, Hawaii, Colorado and Maine.
Was this article valuable?
Here are more articles you may enjoy.
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports 
Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case 
Reuters: Iran, Russia and the New Zealand Insurer That Kept Sanctioned Oil Flowing 
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B From This Issue
