Not likely, says Kyle Jaeger, a cannabis policy reporter and senior editor at Marijuana Moment, a cannabis news site. Like banking institutions that have hesitated to offer services to marijuana businesses, major health insurers will likely decline to cover cannabis as long as it remains a Schedule I drug under federal law.
Does medical marijuana affect insurance?
Using medical marijuana can affect your insurance coverage due to conflicting state and federal rules. See what impact marijuana has on your insurance coverages, according to The Balance.
Do marijuana dispensaries accept medical insurance?
Marijuana dispensaries currently do not accept medical insurance. This stems from the reason health insurance cannot cover cannabis. The status of marijuana as a Schedule I substance on the federal level results in many organizations, including insurance companies and banks, refraining from conducting business with marijuana sellers.
