An individual or firm, that is licensed by the Department of Insurance pursuant to Chapter 5 (commencing with Section 1621), Chapter 6 (commencing with Section 1760), or Chapter 8 (commencing with Section 1831) of Part 2 of Division 1 of the Insurance Code, does not commit a crime under California law solely for providing insurance or related services to persons licensed to engage in commercial cannabis activity pursuant to this division.
Cal. Bus. & Prof. Code § 26261
Information Sharing with Financial Institutions
Known as the Medicinal and Adult-Use Cannabis Regulation and Safety Act
The act spans §§ 26000–26308 (207 sections).
Added by Stats. 2022, Ch. 393, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.