Rep. Velazquez Introduces Bill on Cannabis-Related Legitimate Business

WASHINGTON, March 20 -- Rep. Nydia M. Velazquez, D-N.Y., has introduced legislation (H.R. 2068) to "create a safe harbor for insurers engaging in the business of insurance in connection with a cannabis-related legitimate business."

The bill was introduced on March 18 and was co-sponsored by Rep. Steve Stivers, R-Ohio. It was referred to the House Financial Services Committee.

For more information, Rep. Nydia M. Velazquez, 2302 Rayburn House Office Building, Washington, DC 20515; 202/225-2361; or in district offices at 500 Pearl St., Ste. 973, New York, NY 10007; 212/619-2606; 266 Broadway, Ste. 201, Brooklyn, NY 11211; 718/599-3658.

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