Creates certain protections for insurers and insurance producers engaging in business of insurance in connection with cannabis-related businesses.

This bill protects insurers and insurance producers who provide coverage to cannabis-related businesses operating legally under New Jersey law. It prohibits state and local agencies from penalizing, discouraging, or terminating insurance services for these businesses, or taking adverse actions against policies solely because a business is cannabis-related. Insurers and their employees are shielded from liability under state law for engaging in this business or investing income from it. The bill does not require insurers to offer such coverage or override existing insurance regulations. It directly affects cannabis businesses, their employees, and property owners leasing to them.