If Canada's medical marijuana industry is burned, who will suffer?

By qqtqtqt etqt

Just as the medical marijuana business was starting to bloom in Canada, it looks like a touch of corruption has erupted. Originally reported by the cantech letter, it seems that one producer is making acquisitions regarding doctors taking kickbacks. But if this allegation proves to be true, what will happen to this new industry and who will get burned?

RECENT TOPIC: Don’t smoke that! Tilray announces recall on three blends of medical marijuana  

Specifically, it’s the CEO of Nanaimo medical marijuana producer Tilray who believes that due to a lack of regulation in the industry, doctors are being prompted to accept kickbacks from other producers when they refer patients or issue medical documents.

The company previously stated the following: “The practice of providing physicians with financial incentives for these activities not only represents a violation of the professional standards by which physicians must abide, but also brings the entire Marihuana for Medical Purposes Regulations (MMPR) regime its patients into disrepute.”

RECENT TOPIC: Has Canada developed a medical breakthrough?

It was just on April 1st of this year when new rules were introduced, completely changing the Canadian government’s views on marijuana. In short, a more lenient approach to the medical substances has taken place. But are some individual’s actions too lenient and perhaps even illegal?

 Due to the current situation, Tilray has parted ways with the Canadian Medical Cannabis Industry Association (CMCIA) and spearheaded the establishment of a new organization—the Canadian Medical Cannabis Council (CMCC). So what’s next?

RECENT TOPIC: What doctor’s can learn from the recent salmonella outbreak

It’s not surprising that if kickbacks prove to be happening and continue to take place that the whole industry could go up in smoke. Already believed by many to be an unnecessary and illegal practice, the last thing the medical marijuana industry needs is a scandal. And if one happens, many stand to suffer.

As expected, there are many parties involved in this business: doctors, patients, growers, dispensers—the list continues. Just looking at the money angle of the situation, many CEOs and company executives could stand to suffer if laws aren’t being followed.

A slippery slope due to the nature of the business, it would appear that everyone in connection with the industry should start following the code of ethics before it’s too late.

For more information regarding the health industry, visit our sister brand Healthcare Global

RECENT TOPIC: Mediagrif CEO weighs in on the importance of tech jobs in Canada

Let's Connect!


Read the latest edition of Business Review Canada!



Featured Articles

Microsoft, McDonald’s latest firms to run civil rights audit

Microsoft and McDonald’s join Amazon, Citi, JPMorgan and others in conducting civil rights audits, as investor pressure to achieve racial equity mounts

Deep dive: Investment in carbon capture rises as CO2 spikes

Investment in carbon removal solutions and startups is heating up as fast as the planet, with Temasek and CEMEX Ventures the latest VCs to launch funds

Dialight envisions a safe industrial world with LED lights

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, cyber, 5G, cloud speakers at TECH LIVE LONDON

Technology & AI

Eight big announcements made at Davos 2022, from ESG to tech


Hear Vodafone Business cyber chief Kawalec at Cyber LIVE

Leadership & Strategy