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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Aphria Inc. > Schumer, Booker and Wyden announce steps for legalization

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Comment by hevinon Feb 01, 2021 6:26pm

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Post# 32441321

RE:Schumer, Booker and Wyden announce steps for legalization

If someone as right-wing as Paul Rand votes in favor of cannabis that may have a domino effect on the Republican party in Senate.... Republicans don't care about social justice but they do care about money so the taxation aspect has to be sold probably the most, next to the enormous savings from fewer incarcerations. the Republican senators also have to consider that many of their own States are greatly in favor of legalization so they'd be foolish to vote against it. We do live in interesting times that's for sure

OneBigFish wrote: https://www.marijuanamoment.net/democratic-senate-leaders-announce-steps-to-federally-legalize-marijuana-in-2021/

Here's how I see the votes in the Senate currently:

We can probably count on 49-ish Democratic Senators voting to legalize. One or two moderate senators may vote against. Support seems strong in the party otherwise especially for the social justice aspects of previously proposed legislation.

After that these Republican Senators have made positive comments about legalization of Marijuana in the past.

Don Young - Alaska
Lisa Murkowski - Alaska
Bill Cassidy - Lousiana
Steve Daines - Montana
Rand Paul - Kentucky

That gets us to 54-55.

South Dakota has legalized so those are 2 more potential senators but that's not a given. After that, a number of other states may legalize soon and that might give us a couple more senators. Most states that have legalized or are going to have democratic senators.

If it isn't part of a Covid bill that's passed as budget reconciliation (we would only need 50+1 senators for that), we need 60 senators to pass legislation and we are currently short under the most optomistic of scenarios.

Legalizing something as contentious (at least for conservative americans) as marijuana needs a clear strategy and can't be rushed. If it's not well thought out, when the balance of power flips, legislation will be repealled on the grounds of morality or some other nonsense. That would seriously affect our stock price.

Schumer has some bridge building to do.