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Ottawa bringing in stricter limits on medical marijuana for veterans

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Re: Ottawa bringing in stricter limits on medical marijuana for veterans

Post by 6608 on Tue 22 Nov 2016, 18:58

Teen, VAC is mainly the only organization that covers MM because like you said MM has no DIN so provincial and private insurance do not normally cover MM. I know of only two cases where the courts have instructed insurers to do so for individuals, also the Ontario WSIB and the Quebec CSST have covered MM in the past.



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Re: Ottawa bringing in stricter limits on medical marijuana for veterans

Post by Slaket on Tue 22 Nov 2016, 16:54

The Minister can agree to cut my prescription to 1/3 of what it is because he feels I don't need it and it cost to much..Who pays for his wheelchair, because I do not believe he requires a fully functioning electric one as he still seems to have some upper limb mobility..
I will now have to increase my chemical/big pharma scripts to close to what they were two years ago, some of which cost very close to my MM.

I have almost had it with the disrespect this and previous governments have for veterans..I would not require the meds if it were not a direct result of my employment in the CF..

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Medical marijuana cutbacks for vets won’t hurt Licensed Producers

Post by Guest on Tue 22 Nov 2016, 16:31

Medical marijuana cutbacks for vets won’t hurt Licensed Producers

NOVEMBER 22, 2016 BY NICK WADDELL


The Minister of Veterans Affairs, Kent Hehr (right), with U.S. Senator Tim Kaine.

Legislation that will see the federal government cut back the amount of medical marijuana it will cover for veterans won’t have a big affect on the businesses of Licensed Producers, says M Partners analyst Mason Brown.
This morning, at the Canadian Military and Veteran Health Research Forum in Vancouver, Veterans Affairs Minister Kent Hehr said the government would dramatically scale back the quantity of medical marijuana that veterans will be reimbursed for.
“I was shocked to learn that the former government began reimbursing veterans for cannabis with no policy in place,” said Hehr. “Now is the time to change that. Since the first veteran was reimbursed on compassionate grounds in 2007, the department has been reimbursing veterans for cannabis in increasing numbers and at an increasing cost. We went from one veteran to over 3,000 in eight years, many of whom are accessing up to 10 grams per day.”
The changes come after an internal audit revealed that Veterans Affairs paid more than $20-million for cannabis in 2015, up from just $5-million in 2014. 2016 costs are expected to be $25-million.

Under the new rules, veterans will be reimbursed for three grams a day, not ten. Brown says that while this is lower than the five gram-per-day limit he was expecting, and the price limit of $8.50 a gram is also lower than the $9.00 he expected, he sees no material impact to Licensed Producers. The analyst says that while this news is a negative, even the LPs with the most exposure to the veterans market don’t derive a very high percentage of their overall sales from it.
“We note Aphria Inc. and OrganiGram Holdings Inc. are the main public LPs with sizeable veteran exposure,” notes Brown. “Aphria’s exposure comes through its acquisition of Cannway Pharmaceuticals, which provided APH with an established veteran patient-base, and APH notes Canadian Forces veterans (as well as PTSD and depression sufferers) consume as much as 5gpd-10gpd (APH Investor Deck). OrganiGram’s veteran exposure stems from its acquisition strategy, which targeted the lucrative veteran market, and OGI’s patient base in the last quarter averaged slightly over 2gpd, double peers’ patient consumption rates. While the limits were stricter than expected, we don’t see the changes having a material impact on LPs in the long term, unless their long term strategy was medical-only and targeting veterans. First, we note that veterans make up a very small segment of the medical market. In 2015 there were only 1,320 veterans that were part of the program (here) and the ACMPR ended the year with 39,668 patients. Second, we’ve forecast declining medical flower and oil selling prices for both APH and OGI over the long term and into our valuation period of CY2020 to reflect increasing competition and lower production costs.
Brown currently has a “Buy” rating and a one-year price target of $6.10 on Aphria and a “Buy” rating and a one-year target of $3.70 on OrganiGram Holdings.

http://www.cantechletter.com/2016/11/medical-marijuana-cutbacks-vets-wont-hurt-licensed-producers-m-partners/

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Re: Ottawa bringing in stricter limits on medical marijuana for veterans

Post by Teentitan on Tue 22 Nov 2016, 16:29

Does anyone know the insurance coverage or provincial drug programs pricing on MM?

I'm curious to see if this $8.50/gram is on par or lower then the national average.

It's not like VAC hasn't undercut vets compared to the national average....
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Re: Ottawa bringing in stricter limits on medical marijuana for veterans

Post by Guest on Tue 22 Nov 2016, 16:10

Looks like Tweed and Bedrocan will become the sole provider for Veterans.

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Re: Ottawa bringing in stricter limits on medical marijuana for veterans

Post by 1993firebird on Tue 22 Nov 2016, 16:09

$8.50 per gram will allow you to purchase no Marijuana strains from Ahpria unless they are on sale or lower there price because all strains available to Veterans are $12.50 per gram.

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Re: Ottawa bringing in stricter limits on medical marijuana for veterans

Post by 6608 on Tue 22 Nov 2016, 15:59

Here is a better way to look at it...................good start from LP

Canopy Growth Corporation Welcomes Government's Commitment to Maintaining Veterans' Insurance Coverage

SMITHS FALLS, ON , Nov. 22, 2016 /CNW/ - Canopy Growth Corporation (CGC.TO) ("Canopy Growth" or the "Company") is pleased to provide the following update on the Government's new policy surrounding veterans insurance coverage, and to provide an overview of the practices of its wholly-owned subsidiaries, Tweed Inc. (Tweed) and Bedrocan Canada Inc. (Bedrocan Canada) as they relate to veterans.

Canopy Growth's Current Veterans Program

In light of the findings of the Auditor General's Spring 2016 Report outlining cost increases for medical marijuana veterans coverage by Veterans Affairs Canada, the recent VICE News reports alleging unethical or illegal price inflation by two other Licensed Producers as it relates to prices for insurance-covered veterans, recent concerns expressed by CFAMM, and today's resulting policy changes made by the Canadian government, Canopy Growth would like to make it definitively clear that it does not and has never engaged in any practice to inflate pricing for veterans.

We do not operate separate websites for veterans. We do not oblige veterans to purchase higher-priced cannabis products, while hiding access to lower priced cannabis products. We do not charge a different price to veterans, and we do not hide pricing from veterans. Every veteran who registers with Tweed or Bedrocan Canada receives access to the exact same products at the exact same pricing as every other customer.

Though we serve hundreds of Canadian veterans, veterans represent only 2% of Canopy Growth's combined client base of tens of thousands of Canadians. The Company does not foresee these policy changes having a material impact on sales or customer growth. Tweed and Bedrocan Canada attract and retain our veteran clientele the same way we attract all our other customers: with quality customer service, and a wide and diverse product selection.  We are proud to serve our veterans and would never jeopardize the trust our veterans place in us, or attempt to artificially increase pricing at the expense of the Canadian taxpayer.

To ensure that Canopy can effectively voice its opinion on this and other pressing issues facing our sector, our Company has elected to withdraw its memberships from Cannabis Canada Association.

New Government Policy on Veterans Coverage

As reported this morning, Veterans Affairs has amended insurance coverage for veterans, introducing a price limit of $8.50 per gram, while extending coverage to cannabis oils. While the Government has introduced a limit on the number of grams it will insure by default, it has also committed to a process for additional coverage. Our Company will continue to advocate for fair coverage and trust that additional coverage will be provided for those veterans with a demonstrated need.

"Cannabis appears to provide significant therapeutic benefit to thousands of Canadian veterans while potentially reducing the use of costly and, in some cases, harmful pharmaceuticals," said Bruce Linton , CEO of Canopy Growth.  "With cost overruns and allegations of unethical price inflation, it was possible that the Government could have ended all insurance coverage, so we are pleased that Veterans Affairs will continue to offer our veterans access to this emerging therapeutic option, and that coverage has been extended to oils as well."

Tweed and Bedrocan Canada are pleased to immediately commit that up to the specified daily amount approved, our companies will ensure full coverage for all of our products regardless of the price, so that veterans continue to have access to a full range of products to meet their needs, including cannabis oils.  Any cost differential between our store price and the coverage by Veterans Affairs will be covered by Tweed and Bedrocan Canada, respectively, so that we subsidize our veterans and not the other way around.

http://sports.yahoo.com/news/canopy-growth-corporation-welcomes-governments-185700380.html





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Re: Ottawa bringing in stricter limits on medical marijuana for veterans

Post by Guest on Tue 22 Nov 2016, 15:47

Does our Minister have the interest of well being of Veterans in the reduction to 3 grams?

Or, does our Minister have his interest set on the cost?

I think the processors have dug themselves into a hole here with the high cost they charge, they will now pay the price.

I don't use the stuff myself, but from what I have read from those who use it for their medical conditions, it works well for some, and the side affects do not come close to other forms of prescription drugs they use to take for the same condition or conditions they are now using Medical Cannabis for.  

Perhaps lowering it to 5 grams daily would have been a better approach.

I know from what I read on other sites today, there's plenty of anger being voiced over this announcement, and I'm reading where several Veterans are contacting the media to voice their concerns.

One point I'd like to raise in this latest announcement from our Minister is the fact that he can surely move quick on changing this policy, but not so quick to give our Men and Women their lump sum retro's.
Also, what in the hell is going on with the lifelong pension?
They are all an evil bunch, they, the bureaucrats and our Minister are looking after themselves, our Minister says he does not have a magic wand, no, he does have a magic wand, but he only uses it for things such as lowering the amount of daily allowable Medical Cannabis.

He is a real winner that guy.

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Re: Ottawa bringing in stricter limits on medical marijuana for veterans

Post by Teentitan on Tue 22 Nov 2016, 13:41

One of the major problems I see if there is a vet wanting more then 3 g/day is which specialist is required?

And if there is a specialist how many specialists are willing to put their medical licence in jeopardy and under scrutiny by VAC thru the Canadian Medical Association?

The only positive I see resulting from this move by VAC is it will put pressure on the CMA and Health Canada to put a DIN (Drug Identification Number) on medical marijuana. Could take maybe a decade but if it's a start down the path then doctors/specialists might be less worried, skeptical, to prescribe MM.
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Re: Ottawa bringing in stricter limits on medical marijuana for veterans

Post by red510 on Tue 22 Nov 2016, 13:13

Announcement on CBC about new policy:

http://www.cbc.ca/beta/news/politics/veterans-hehr-pot-policy-1.3861534

My initial thoughts are that this is a good step forward. Although limited to 3g per day with a prescription from a doctor they will allow higher amounts with justification of a specialist. I feel this might minimize some of the apparent abuses of the system and put a more oversight on prescription amounts by requiring a specialist to justify above 3g. As a big added bonus, oils are now approved for those that can't smoke. As well, it seems that there will be an assigned fair market price that will hopefully even out some of the costs (i.e. some companies are charging VAC cases larger prices). So if someone needs more than 3 g per day then they have to go thru a specialist for further justification. Just my $0.02 worth.


Last edited by red510 on Tue 22 Nov 2016, 13:14; edited 1 time in total (Reason for editing : Typo)

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