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Legal Marijuana can Still Spell Trouble for Drivers

Question: Here in Colorado marijuana was legalized.  Will this make any difference in regard to auto insurance?Answer:  Sure. You can get a DUI with pot, too, and your insurance company will definitely take notice of that.  (See " Pot legal?  You can still get a DUI ")One study estimates that Coloradans will consume 2.2 million ounces of marijuana next year once new laws go into effect. Hypothetically, if an abundance of pot smokers taking to the road causes crash rates to go up, premiums could rise for all Colorado drivers, not just those who partake.In November 2012, Colorado voters passed an amendment to the state constitution that basically set up the legalization of marijuana for personal use. Under Amendment 64 , Colorado residents over the age of 21 are legally allowed to possess up to one ounce of marijuana and cultivate up to six plants.This month, May 2013, lawmakers approved bills to officially regulate recreational marijuana use and sales - making Colorado the first state t...

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  1. EA 4Q Sales Top Street

    Electronic Arts (NYSE:EA) revealed a worse-than-expected decline in fourth-quarter profit late Tuesday but its shares climbed as sales topped Wall Street expectation...

  2. Eight Companies that Owe Employees a Raise

    While CEOs of companies with the strongest financial results are usually paid hundreds of millions of dollars, rank and file employees at these corporations are ofte...

  3. Insight: "Speed money" puts the brakes on India's retail growth

    Hong-Kong entrepreneur Ramesh Tainwala spent 18 months operating branded clothing retail stores in India before deciding it was impossible to succeed without paying ...

  4. Starbucks Shifts Management Roles; Focus on China, Europe

    Starbucks Corp. (SBUX) is restructuring its management team to put more effort behind developing its retail business in China and further its turnaround in Europe.Th...

  5. Visa enjoys upbeat quarter, MasterCard lags

    Visa Inc , the world's largest credit and debit card network reported strong quarterly results as its customers spent more on its cards, but smaller rival MasterCard...

  6. AT&T Trade-In Deal to Give $100 Off New Smartphones

    An AT&T (NYSE:T) promotion beginning Wednesday will give customers at least $100 off new smartphones if they trade in their current phones.Customers will be able to ...

  7. AT&T Offers $100 Off Trade-In Promotion

    AT&T Inc. (T) will offer at least $100 off new smartphones for customers who trade in their current phones, in a promotion beginning Wednesday.The company said custo...

  8. AT&T Offers $100 Off Newest Smartphones in Trade-In Promotion

    AT&T Inc. (T) will offer at least $100 off new smartphones for customers who trade in their current phones, in a promotion beginning Wednesday.The company said custo...

  9. Jones Group slashes number of U.S. stores, shares rise

    Jones Group Inc , the fashion company that owns retail chains Nine West and Jones New York, said it will close about 170 underperforming U.S. stores by mid-2014 and ...

  10. LG Electronics Profit Sinks 91% as TV Margins Decline

    LG Electronics Inc.'s (066570.SE) first-quarter net profit slumped 91% from a year earlier weighed down by the lackluster performance of its television business.As t...

  11. Coach Growth Returns As New Shoes Catch Shoppers' Eyes

    Coach Inc.'s (COH) demand resuscitated after faltering to vogue luxury newcomers during the holidays, as revamped footwear helped recapture shoppers' attention and i...

  12. Boston Business Grinds to a Halt Amid Manhunt

    With authorities scrambling Friday to find a suspect in the Boston Marathon bombings , many Boston-area companies like EMC (NYSE:EMC) and Whole Foods Market (NASDAQ:...

  1. Mercedes dealer review opens home front in luxury war

    How many Mercedes staff does it take to sell a car? The answer, in the luxury carmaker's German showrooms, is more than it takes to shift an Audi - just part of the ...

  2. Microsoft Reveals New Xbox Console

    Microsoft Corp. (MSFT) on Tuesday unveiled a reinvented Xbox videogame console, demonstrating the software giant's most aggressive play yet for control of consumers'...

  3. Burberry Back to Growth as China Recovers

    Burberry Group PLC (BRBY.LN) Tuesday showed further signs of recovery from a shock mid-year profit warning, reporting a rise in earnings and bucking a wider trend in...

  4. Apple Chief Tim Cook Takes on the Senate

    A report from the U.S. Senate Permanent Subcommittee on Investigations, led by Sens. Carl Levin (D., Mich.) and John McCain (R., Ariz.), will say Apple (NASDAQ:AAPL)...

  5. Report: HTC First to be Discontinued

    The HTC First, or "Facebook phone" as many prefer to call it, is officially a flop.It certainly wasn't a good sign when AT&T (NYSE:T) dropped the price of HTC's Firs...

  6. Take your fries to a new level

    These spuds are no duds

  7. AT&T Launches New Venture in Prepaid Service

    AT&T Inc. (T) started a new foray into prepaid wireless service by launching a separate brand called Aio Wireless.While AT&T already sells prepaid service, including...

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