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CA AB2568

Bill

Official Source

Status

Passed

9/18/2022

Primary Sponsor

Ken Cooley

Click for details

Origin

State Assembly

2021-2022 Session

AI Summary

  • Adds Section 26261 to the Business and Professions Code to legalize insurance provision for cannabis businesses
  • Protects individuals and firms licensed by the Department of Insurance from criminal liability when providing insurance or related services to licensed cannabis operators
  • Applies to insurance providers licensed under Chapter 5, Chapter 6, or Chapter 8 of Part 2 of Division 1 of the Insurance Code
  • Effective September 18, 2022

Legislative Description

Cannabis: insurance providers.

Last Action

Chaptered by Secretary of State - Chapter 393, Statutes of 2022.

9/18/2022

Committee Referrals

Insurance6/6/2022
Business, Professions and Economic Development5/11/2022
Rules5/3/2022
Business and Professions3/30/2022
Insurance3/10/2022

Full Bill Text

No bill text available