BREAKING NEWS
This content is not available in your region

Lloyd's of London allows underwriters to insure cannabis in Canada

Lloyd's of London allows underwriters to insure cannabis in Canada
FILE PHOTO - People walk outside Lloyds of London's headquarters in the City of London, Britain, July 31, 2018. REUTERS/Simon Dawson   -   Copyright  Simon Dawson(Reuters)
Text size Aa Aa

LONDON (Reuters) – Speciality insurance market Lloyd’s of London will allow its member firms to underwrite cannabis-related business in Canada, provided they meet local and international laws, a spokesman told Reuters on Thursday by email.

It will be legal to produce, distribute, sell and possess cannabis in Canada from Oct 17, subject to provisions of the Canadian Cannabis Act, Lloyd’s told its 80-plus syndicate members in a market notice.

(Reporting by Carolyn Cohn; editing by Maiya Keidan)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.