You are here
Home 🌿 Medical Cannabis News 🌿 Canada: Medical marijuana users face higher insurance rates, even if they don't smoke it 🌿Canada: Medical marijuana users face higher insurance rates, even if they don't smoke it
Many medical marijuana users in Canada pay a high price due to their prescriptions because life insurance policies consider them smokers — no matter how they consume the drug.
Earlier this summer, the Supreme Court of Canada ruled patients with legal prescriptions have the right to take marijuana in any form: including through smoking it, edible products, or cannabis-infused teas and oils.
However, the country's life insurance industry can consider marijuana users similar to smokers, even if they use vaporizers or edibles.
"To be honest, it really doesn't make sense," said Syed Raza, the director of marketing with Toronto-based LSM Insurance.
"When they complete an application, they're expected to mark down that they are smokers. And as a result, pay a higher premium for their life insurance."
Smokers can sometimes pay twice as much as non-smokers for life insurance, Raza said, because of the correlation with more health problems.
However, he said...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin