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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


NDAQ:APHA - Post by User

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Post by Ventura2020on Dec 01, 2020 8:31pm
597 Views
Post# 32015353

The MORE Act...Coming Soon!

The MORE Act...Coming Soon!Any day now and probability is "high"

The MORE Act would make several other important changes to federal marijuana policy, including:  

  • Facilitating the expungement of low-level, federal marijuana convictions, and incentivizing state and local governments to take similar actions;
  • Creating pathways for ownership opportunities in the emerging regulated industry for local and diversely-reflective entrepreneurs through the Small Business Administration grant eligibility;
  • Allowing veterans, for the first time, to obtain medical cannabis recommendations from their VA doctors;
  • Removing the threat of deportation for immigrants accused of minor marijuana infractions or who are gainfully employed in the state-legal cannabis industry;
  • Providing critical reinvestment grant opportunities for communities that have suffered disproportionate rates of marijuana-related enforcement actions.
What will it mean?

Key Facts:

  • According to a recent report by the ACLU, Black Americans are 3.6 times more likely to be arrested for cannabis-related crimes than white Americans. 
  • According to the FBI UCR, over 545,000 Americans were arrested for marijuana-related crimes in 2019 alone, over 90% of those arrested were charged with mere possession. 
  • The state-legal cannabis industry employsover 243,000 full-time workers; that is over four times the number of jobs specific to the coal industry. 
  • While the substance is not without harm, cannabis is objectively less harmful than legal and regulated alcohol and tobacco. 
  • Polling: 

    Data for Progress, March 2020 – Would you [support or oppose] fully legalizing marijuana at the national level? (Democrats only)

    • 80% Support (60% strongly, 20% somewhat)
      • Moderates: 69% support
      • Liberal/Very Liberal: 87% support
    • 14% Oppose (8% strongly, 6% oppose)
      • Moderates: 19% oppose
      • Liberal/Very Liberal: 9% oppose

    Pew Research Center, Nov. 2019 – Question: The use of marijuana should be made legal?

    • Overall: 67% Yes – 32% No 
    • Democrats / Lean Democrats: 78% Yes – 20% No
    • Republicans / Lean Republicans: 55% Yes – 44% No

    Gallup Polling, Oct. 2020 – Question: Do you think the use of marijuana should be made legal, or not?

    • Overall: 68% Yes – 32% No
    • Democrat: 83% Yes – 16% No
    • Republicans: 48% Yes – 52% No
    • Independents: 72% Yes – 27% No
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