Benzinga studies…the previous Detroit Pistons, Miami Heat, Chicago Bulls and Los Angeles Lakers participant instructed Benzinga he’s constructing a health insurance bundle for hashish companies and their staff, that may quickly be expanded to cowl particular person hashish customers.

“We’ve literally got to a point where we can insure cannabis smokers and cannabis companies,” Salley mentioned.

Along with National Insurance Partners and different companions, the duo launched “The Cannabis Plan.” It’s an insurance coverage plan particularly designed for something that touches the trade: growers, labs and CBD. Even comfort shops that promote CBD are eligible for this.

The plan additionally makes positive that customers who select to self-medicate with THC don’t obtain punishment by their brokers.

Any hashish enterprise within the nation, relying on state necessities, with two or extra staff can apply to obtain insurance coverage. This plan can be 20% cheaper than different insurance coverage options of the kind, Phillips defined.

California companies, for his or her particular rules, require at the very least 25 staff.

Insurance ‘Is All About Numbers’

“I’m a numbers guy, and that’s all insurance is, it’s numbers,” mentioned Phillips, who labored with a staff of information analysts.

“We did the math on how many times they were hospitalized and their average age,” he continued.

With these information into consideration, Phillips and Salley’s staff got here up with a healthcare plan particularly designed for hashish companies and their staff, that may cowl as much as 200,000 staff.

Read extra  https://www.benzinga.com/markets/cannabis/20/06/16434106/former-nba-star-john-salley-joins-insurance-pro-daron-phillips-to-offer-cannabis-coverage

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