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CLAIM Act Legislation by Sen. Cramer Analyzed

Bailey Malota

WASHINGTON, July 24 -- The CLAIM Act, originally introduced by Sen. Kevin Cramer, R-North Dakota, on July 21, 2026, has been analyzed by the Congressional Research Service. This legislation aims to create a safe harbor for insurers working with cannabis-related legitimate businesses, fostering greater financial inclusion within the industry.

Currently, the cannabis sector faces significant barriers in securing insurance due to its federal classification as a controlled substance. Th . . .

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