Deprecated: uasort(): Returning bool from comparison function is deprecated, return an integer less than, equal to, or greater than zero in /var/www/html/wp-content/plugins/google-site-kit/includes/Core/Modules/Modules.php on line 245 Warning: Cannot modify header information - headers already sent by (output started at /var/www/html/wp-content/plugins/google-site-kit/includes/Core/Modules/Modules.php:245) in /var/www/html/wp-includes/rest-api/class-wp-rest-server.php on line 1893 {"id":683,"date":"2019-06-26T10:45:43","date_gmt":"2019-06-26T14:45:43","guid":{"rendered":"https:\/\/cannalogue.ca\/column\/?p=683"},"modified":"2020-04-13T08:45:32","modified_gmt":"2020-04-13T12:45:32","slug":"medical-cannabis-vs-recreational-cannabis","status":"publish","type":"post","link":"https:\/\/cannalogue.ca\/column\/column\/education\/medical-cannabis-vs-recreational-cannabis\/","title":{"rendered":"Top 15 reasons to choose medical vs recreational cannabis"},"content":{"rendered":"
Cannabis carries a unique distinction as a versatile substance that has both medicinal and recreational applications.<\/p>\n
From a layman’s perspective, both medical and recreational cannabis industries appear to be very closely related, and to an extent, they certainly are. However, in terms of price, product access, and usage<\/strong>, the realms of medical and recreational cannabis use are very much different, with each industry occupying opposite ends of the spectrum.<\/p>\n It all goes back to the intent of use. Recreational cannabis is mainly used for enjoyment purposes, while medicinal cannabis is a legitimate form of treating health issues. Medical cannabis manages symptoms from various conditions such as chronic pain, neuropathic pain, anxiety, insomnia, and epilepsy. More severe ailments are also treated, such as cancer-related pain and chemotherapy-induced side effects such as vomiting, nausea, poor appetite, sleeping difficulty, and depression.<\/p>\n This article will outline the significant differences between the two industries while demonstrating all of the key advantages and benefits<\/strong> that the medical cannabis system has to offer.<\/p>\n <\/p>\n There is great news for medical cannabis patients. As tax season approaches, patients can claim their medicinal cannabis prescriptions as a deductible medical expense. As per the Canada Revenue Agency, cannabis and cannabis seeds purchased from an officially licensed producer under physician’s orders can be written off as a legitimate medicinal expense.<\/p>\n This news is beneficial to medical patients as they can be paying anywhere from $7 to as high as $30 a day for their prescriptions. Costs can build up over time and this CRA-approved tax break will definitely help to lighten the financial load.<\/p>\n Visit the Canada Revenue Agency website for additional information.<\/em><\/p>\n <\/p>\n Before reaching the consumer, recreational cannabis products must go through many tightly regulated production stages. The four main steps are cultivation, processing, storing, and packaging. Substantial retail markup occurs each time the product changes hands.<\/p>\n In the case of medical cannabis, there is less retail markup that happens as medical cannabis products aren’t treated the same way as recreational products. Also, medical cannabis isn’t subject to the volatile price fluctuations that arise from uncertain market conditions, supply, and purchase price from producers.<\/p>\n <\/p>\n Many insurance providers such as Sun Life<\/strong> have started to offer group benefit plans that cover medical cannabis under a Healthcare Spending Account<\/strong> (HSA). Insured conditions may include:<\/p>\n 1. Cancer with severe pain 1. Co-operators Life Insurance Co. <\/p>\n <\/p>\n An excise tax is a tax on goods applied at the point of manufacture, instead of at the end of the sale.<\/p>\n Canada currently imposes excise duties on beer, wine, spirits, tobacco products, and more recently, cannabis products. Additional excise taxes mean higher retail prices for the consumer, or in this case, medical cannabis patients. Excise tax can differ from province to province, but the default is $1 per gram or 10%<\/strong> of the sale prices, whichever is higher. However, with medical cannabis, the good news is that certain select licensed producers have chosen to absorb<\/strong> excise taxes.<\/p>\n <\/p>\n Ultimately, medical cannabis exists to help people. Certain patient bases like veterans and other patients with financial burdens may not be able to afford the medication they need. That’s why compassionate care and veterans programs exist – to provide these particular patients with affordable service.<\/p>\n Many veterans suffer from PTSD, and some from crippling opioid dependency<\/a> issues and rely on medical cannabis as an effective means to cope with their chronic pain. Many vets are on fixed, rigid budgets that don’t allow much in the way of medical cannabis spending. With more than just profits in mind, these compassionate medical cannabis programs give back to veterans and the underprivileged in a truly priceless way.<\/p>\n <\/p>\n In the lead-up to cannabis legalization in Canada, medical patients were worried that the substantial recreational demand would cause cannabis shortages.<\/p>\n This legitimate concern turned out to be correct as recreational demand did end up disrupting the medical cannabis supply allocated for patients. However, that was in the early days of cannabis legalization when supply uncertainty was a prevalent issue.<\/p>\n Since then, the cannabis ecosystem has stabilized with many licensed producers publicly committing to prioritizing medical sales over non-medical sales.<\/p>\n Health Canada has also approved more applications for cultivators, which will help balance out the scales of supply and demand. Cannalogue<\/strong> is an online e-commerce platform that connects patients to many licensed producers because having only one option is not really an option. Different products work for different patients. Visit us now and explore true freedom<\/a> of choice.<\/p>\n <\/p>\nTax Deductions and Competitive Pricing\u00a0<\/strong><\/h2>\n
1. Medical Cannabis is a Tax Deductible Expense<\/strong><\/h3>\n
2. No Retail Markup<\/strong><\/h3>\n
3. Insurance Coverage for Select Conditions<\/strong><\/h3>\n
\n2. Chemotherapy induced nausea and vomiting
\n3. Multiple Sclerosis with spasticity and\/or neuropathic pain
\n4. Rheumatoid Arthritis with pain
\n5. HIV\/AIDS with anorexia, neuropathic pain
\n6. Palliative care<\/p>\nHere is a list of insurance companies that have provided the option of medical cannabis in their health coverage plans. Please note: this is not a comprehensive list:<\/strong><\/span><\/p>\n
\n2. Medavie Blue Cross
\n3. Great West life
\n4. Sun Life
\n5. Green Shield Canada<\/p>\n4. Excise Tax Absorbed or Mitigated by Select Licensed Producers<\/strong><\/h3>\n
5. Compassionate Care and Veterans Programs<\/strong><\/h3>\n
Product Accessibility<\/strong><\/h2>\n
6. Products Are Always in Stock<\/strong><\/h3>\n
7. Wider Scope of Products<\/strong><\/h3>\n