Insurance companies do offer coverage for medical marijuana, and like many challenging relationships, it’s super complicated.
The demand for medical marijuana has increased so much in the United States that more than half of all states have legalized some form of medical marijuana use. But rapidly changing regulations have discouraged large insurers from jumping into the medical marijuana market.
The primary reason for this is that medical marijuana is still considered an illegal substance. The federal Control Substances Act classifies marijuana as a Schedule I narcotic. That means that it’s legal in many states but medical marijuana is considered just as illegal as cocaine, heroin and methamphetamines under federal law.