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Cronos Group Inc
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Close 2019-01-28 C$ 24.53
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Globe says Hexo, rivals hear for privacy sake use cash

2019-01-28 08:42 ET - In the News

See In the News (C-HEXO) Hexo Corp

The Globe and Mail reports in its Monday edition that soon after recreational pot consumption was legalized in Canada, the Office of the Privacy Commissioner offered some advice to consumers: If you are wary of leaving a record of your purchases, try buying marijuana with cash rather than a credit card. The Globe's David Berman writes that if this advice seems curiously out of sync with today's trends, it is: Canada is becoming an increasingly cashless society as credit cards, debit cards, contactless payments, electronic transfers and phone apps give consumers any number of alternatives to counting bills and hauling change. A survey published Monday by Angus Reid Institute in partnership with The Globe found that 63 per cent of 1,500 respondents agreed either strongly or moderately that they hardly ever carry cash. The number was particularly high among the younger set: Seventy per cent of respondents between the ages of 26 and 37 were cash averse. However, remarkably, 57 per cent of Canadians over the age of 55 also said they hardly ever carry cash. Some bank branches operated by Canadian Imperial Bank of Commerce no longer handle cash at their counters, where staff provide advice instead.

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