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Canadian Medical Cannabis Users Pay Higher Premiums

Ryan Allway

August 25th, 2015

Policy, Top News

Patients enrolled in Canada’s Marihuana for Medical Purposes Regulations (“MMPR”) program pay a higher price due to their prescriptions, because life insurance policies consider them smokers regardless of how they actually consume the drug, according to CBC News.

Often times, smokers pay twice as much as non-smokers for life insurance, since smoking correlates with more health problems, including lung cancer, high blood pressure, and breathing problems. Medical cannabis users must declare themselves as smokers on these forms under official government guidelines, otherwise insurance companies could later declare their claims invalid and render the entire policy worthless.

Medical cannabis advocates insist that edible forms of marijuana and vaporizers may not carry the same health risks as smoking marijuana or tobacco, which means that lumping them together in the same category may not make sense. While some life insurance representatives insist that not all smokers are treated the same – implying that medical cannabis may be an exception – there is little transparency in the decision-making.

The same problem is faced by many U.S. medical marijuana consumers and life insurance companies. Over the past several years, some insurance companies have worked to change their policies as states have eased marijuana restrictions and greater amounts of research surface on the safety and efficacy of medical marijuana – particularly when it’s consumed from non-smoking sources like edibles and vaporizers.

Canadians may have to wait to see these same amounts of progress, since regulations are largely driven by the federal government rather than state governments, but consumers are hoping that increasing pressure will encourage them to change sooner rather than later.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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