A new study published in the journal Applied Health Economics and Health Policy reveals that companies in states with medical cannabis laws are seeing significant savings in employer-sponsored health insurance premiums.
The research, conducted by Leafwell, highlights the economic benefits of medical cannabis for businesses, potentially offering a new incentive for more states to adopt such laws.
According to the study, companies in states with medical cannabis laws pay 3.4% less in premiums for individual coverage plans compared to states without such laws. This translates to an average savings of $238 per employee annually. For employee-plus-one coverage plans, businesses see a 2.9% reduction in premium costs, saving approximately $348 per employee each year.
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