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Aphria Inc. APHA

Aphria, which is headquartered in Ontario, produces and sells medicinal and recreational cannabis. The company operates through retail and wholesale channels in Canada and internationally. Aphria is a main distributor of medical cannabis to Germany and has operations in over 10 countries outside of Canada. However, it does not have exposure to the U.S. CBD or THC markets due to the constraints of federal prohibition. It has some U.S. exposure through the acquisition of SweetWater, a craft brewer


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Post by DaveInCalgaryon Nov 28, 2020 12:14pm
870 Views
Post# 31994586

House voting Next Week on Bill to Legalize Marijuana

House voting Next Week on Bill to Legalize Marijuana

House To Vote On Kamala Harris Bill Which Would Legalize Marijuana Next Week

HENRY RODGERSSENIOR CONGRESSIONAL CORRESPONDENT
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The U.S. House of Representatives will reportedly vote on a bill next week that would legalize marijuana and expunge prior criminal convictions related to marijuana.

The Marijuana Opportunity Reinvestment and Expungement (MORE) Act, introduced by Vice President-elect Kamala Harris in 2019, would remove marijuana from the schedule of controlled substances under the Controlled Substances Act and eliminate criminal charges for anyone who “manufactures, distributes, or possesses marijuana.”

According to a summary of the bill, this is what the MORE Act would do if turned into law:

  • Replaces statutory references to marijuana and marihuana with cannabis,
  • Requires the Bureau of Labor Statistics to regularly publish demographic data on cannabis business owners and employees,
  • Establishes a trust fund to support various programs and services for individuals and businesses in communities impacted by the war on drugs,
  • Imposes a 5% tax on cannabis products and requires revenues to be deposited into the trust fund,
  • Makes Small Business Administration loans and services available to entities that are cannabis-related legitimate businesses or service providers,
  • Prohibits the denial of federal public benefits to a person on the basis of certain cannabis-related conduct or convictions,
  • Prohibits the denial of benefits and protections under immigration laws on the basis of a cannabis-related event (e.g., conduct or a conviction), and
  • Establishes a process to expunge convictions and conduct sentencing review hearings related to federal cannabis offenses.

If Democrats regain a majority in the Senate, the legislation has a real shot at becoming law under a Biden-Harris administration. (RELATED: ‘Proven Successful’: Pelosi Wants Marijuana Banking Access Included In New Coronavirus Bill)

The vote comes as the government is facing a shutdown on Dec 11th. House Majority Leader Steny Hoyer announced Friday that “members are encouraged to remain in Washington. As conversations surrounding legislation related to government funding, coronavirus relief, and NDAA are ongoing, these bills will be considered by House as soon as they are ready.” (RELATED: Democrats’ New $2.2 Trillion COVID Stimulus Includes The Word ‘Cannabis’ 68 Times — Mentioned More Than Jobs)

The Daily Caller contacted Hoyer and Speaker of the House Nancy Pelosi’s office about a specific date for the vote but did not receive an immediate response.


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