Newspaper article The Canadian Press

Loblaw CEO Galen G. Weston Says Company Is Watching Marijuana Legislation

Newspaper article The Canadian Press

Loblaw CEO Galen G. Weston Says Company Is Watching Marijuana Legislation

Article excerpt

Loblaw keeping eye on marijuana legislation

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TORONTO - The CEO and chairman of Loblaw Companies says he hasn't ruled out the possibility of selling recreational marijuana, a slight shift in position for Canada's largest grocery and drugstore chain.

Galen G. Weston said his focus remains on dispensing medical cannabis. But when asked whether Loblaw has closed the book on entering the recreational marijuana market, Weston said, "You can never predict the future," adding that the company is closely watching for more details about the federal government's proposed legalization of the drug.

"It's fair to say that at this point, based on everything we know today, medical is a place where we see an opportunity," Weston said at Loblaw's annual general meeting.

"We believe there is a strong and growing medical case for marijuana and pharmacies should be an important distribution system for medical marijuana. …

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