May 4, 2017

In a vote likely to upend both political fortunes and insurance markets across California, the House passed the American Health Care Act today, a bill that would repeal and replace Obamacare. California, which invested heavily in participating in Obamacare, would be particularly affected if the bill becomes law.

Congress has re-authorized a key provision protecting state medical marijuana operations from federal prosecution, providing California's pot industry with at least a temporary reassurance that it can continue business as usual.