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Legalized Marijuana’s Side Effects for Professional Liability

Many insurance professionals are watching development of the legalized marijuana industry closely even if they aren't jumping into it just yet. Although the number of states legalizing use of marijuana is growing, the federal government still bans the drug. This federal-state conflict raises issues not only for businesses, employers and users but also for legal, accounting, medical and investment professionals who consult to the industry. In this interview from the 2014 Professional Liability Underwriting Society (PLUS) conference, Linda T. Pierce, an attorney and area executive vice president with Arthur J. Gallagher in Glendale, Calif., discusses the professional liability and other insurance issues circling the marijuana industry.

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