Why Canadian insurers are wary of covering medical marijuana


TORONTO (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.

FILE PHOTO: The logo of Sun Life Financial is seen in Toronto, Ontario, Canada, May 6, 2015. REUTERS/Fred Thornhill/File Photo

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…



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