CANNABIS-LIABILITY INSURANCE

Amends the Cannabis Regulation and Tax Act. Provides that to pay any claim for death, injury, or property damage that may be brought against a dispensing organization or retail store, under any theory of recovery, arising from the on-premises consumption of cannabis, the dispensing organization or retail store authorized or permitted by a unit of local government to allow on-site consumption must carry liability insurance coverage in amounts not less than the maximum liability amounts set forth in specified provisions of the Liquor Control Act of 1934 for liability insurance coverage regarding the sale of alcoholic liquor.