In July of 2018, Canadian insurance providers officially removed Cannabis smokers from the high-risk list. Prior to this, if you were cannabis user, you were considered a smoker which is high risk and were either denied life insurance or had to pay a higher rate (smoker rate). Despite the recent legalization of Cannabis and it no longer being categorized as high risk, there are still many considerations Life Insurance companies will take into account before approving a Cannabis user. Some of these considerations include how often you smoke and other medical conditions you have. For example, Cannabis use linked to someone who has been diagnosed with major depression would be a high risk scenario. If you’re interested in learning more about how the use of cannabis could effect your ability to obtain life insurance, we’d love to chat!