Bill Text: CA AB2568 | 2021-2022 | Regular Session | Chaptered
Bill Title: Cannabis: insurance providers.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2022-09-18 - Chaptered by Secretary of State - Chapter 393, Statutes of 2022. [AB2568 Detail]
Download: California-2021-AB2568-Chaptered.html
Assembly Bill
No. 2568
CHAPTER 393
An act to add Section 26261 to the Business and Professions Code, relating to cannabis.
[
Approved by
Governor
September 18, 2022.
Filed with
Secretary of State
September 18, 2022.
]
LEGISLATIVE COUNSEL'S DIGEST
AB 2568, Cooley.
Cannabis: insurance providers.
Existing law, the Control, Regulate and Tax Adult Use of Marijuana Act (AUMA), an initiative measure, authorizes a person who obtains a state license under AUMA to engage in commercial adult-use cannabis activity pursuant to that license and applicable local ordinances. Existing law, the Medicinal and Adult-Use Cannabis Regulation and Safety Act (MAUCRSA), among other things, consolidates the licensure and regulation of commercial medicinal and adult-use cannabis activities. MAUCRSA vests responsibility for the state licensure and regulation of commercial cannabis activity in the Department of Cannabis Control. Existing law authorizes the Department of Cannabis Control to license, regulate, and discipline the persons it licenses to engage in commercial cannabis activity.
This bill would provide it is not a crime solely for individuals and firms to
provide insurance and related services to persons licensed to engage in commercial cannabis activity.
