Hope for Health Launches as the First CRA Registered Cannabis Charity

Article by Piper Courtenay, Georgia Straight

CANNABIS Hope for Health launches as the first CRA registered cannabis charity The organization intends to use funds to establish an "independent financial affordability program" for medical cannabis consumers by Piper Courtenay

Today (June 4), Toronto-based Hope for Health launched as the country’s first cannabis-focused charity registered with the Canadian government.

The focus of the venture is on “empowering patients to be able to effectively manage their health, while also offering autonomy on which cannabis producer and products to choose from.”

As the country transitions to a legal framework, many fear the country’s vast body of medical patients are being ditched for a framework designed for the recreational-use market. Product prices are at a premium, access points are diminishing, and a new excise tax doesn’t exempt medicinal users unless a company opts to absorb the cost.

In response, the charity aims to provide a renewable monthly stipend to “qualified registered patients” for the purchase of cannabis products through federally licensed producers. Currently, there are over 170 licensed cultivators, processors, and sellers authorized under the Cannabis Act.

The charity hopes to onboard 150 applicants in its first year.

Hope for Health says it also intends to create educational resources for health care providers explaining the many therapeutic applications of cannabis and establish research partnerships with academic and medical organizations.

The organization was started by the founders of Auxly Cannabis Group, which provides financing solutions for cultivation partners: Hugo Alves, Michael Lickver, and Vlad Klacar. As such, the company will kick start the foundation with a “cornerstone donation to get it operational and moving forward.”

As the first CRA registered cannabis charity, Hope for Health is registered to the Auxly’s headquarters in Toronto (2 – 777 Richmond Street West) and operates as under the class “advancement of education”.

Alves, who is also Hope for Health’s director, commented: “We started the Hope for Health project three years ago because we believed it was an important cause that all industry participants that have benefited from the cannabis industry could rally around and support. When we founded Auxly, we realized that it was critical that Hope for Health remain completely independent and run by a group of strong leaders who care deeply about the charity’s goals.”

Read the full article here.

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