May 04, 2017
By Michael Kramer
Loblaw says it’s open to the idea of being involved with recreational marijuana – but its current focus remains on dispensing cannabis for medical purposes.
Loblaw owns Shoppers Drug Mart – which applied for a Health Canada licence last October – to dispense medical marijuana.
CEO and chairman Galen G. Weston says “he can’t predict the future” when it comes to whether the company’s plans will change about distributing recreational marijuana – and its watching for more details about the proposed legalizaton of the drug.
Last month, Ottawa introduced a number of bills to legalize cannabis – by July 2018.