"A Rancho Cordova-based insurer Monday launched what it calls the first nationally available insurance coverage designed specifically for the medical marijuana industry.
Only 14 states allow use of medical marijuana today, but Statewide Insurance Services is nonetheless offering coverage in all 50 states.
"Given the growth in the industry, I think it's only a matter of time" before other states allow medical marijuana, said Mike Aberle, a commercial insurance agent with the local firm and national director of its Medical Marijuana Specialty Division.
He added: "Now that we can offer (services) in all 50 states, we can start the minute they go legal, without delay."
SACBEE
It's been a long time since I smoked dope so I don't know the pricing anymore. Besides, my short term memory is shot so I probably wouldn't remember anyway.
I'm real curious to see how the availability of insurance affects pricing. If this becomes the norm I'm going to predict that the further people are removed from the cost the higher the cost will rise. I believe that most of the rise in the cost of medical care can be laid at the feet of two causes; health insurance and lawyers. If you take those away, doctors would be working for good wages and maybe the occasional chicken. Drugs would be made by your local pharmacist behind his counter. You would probably skip the doctor in many cases and go directly to the pharmacy for the normal sicknesses. You would be charged directly for services received and that would place pressure, through the free market activity you are engaging in, on the prices you pay.
So I'm thinking, if you want to make some money buy pot futures. The free market is about to be removed from the drug business.
Posts
No comments:
Post a Comment