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Why Canadian insurers are wary of covering medical marijuana

Reuters  |  TORONTO 

By Nichola SaminatherTORONTO (Reuters) - Sun Life Financial, Canada's No. 2 insurer, recently started covering medical marijuana in its Canadian health insurance plan - more than 17 years after the country first legalized it.The coverage, which requires employers to pay a premium, extends only to a handful of conditions as a last resort. "It's not medical marijuana for any purpose," said Dave Jones, senior vice-president of group benefits at Sun Life. "It's for specific conditions and symptoms where the evidence is clear that medical cannabis has enough value to outweigh risks."Sun Life's ...

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First Published: Fri, July 13 2018. 18:46 IST