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Bullboard - Stock Discussion Forum 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... see more

NDAQ:APHA - Post Discussion

Aphria Inc. > Challenges of legislation in the US
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Post by OneBigFish on Jan 22, 2021 1:55pm

Challenges of legislation in the US

I think we will see some legislation passed in the US this year but the current legislation that's been drafted doesn't do a whole lot for Canadian LPs.

The SAFE banking Act is widely regarded as the most likely to pass and it provides legal cover for federally registered banks and credit card companies to do business with MSOs. Currently it doesn't include a provision for capital markets to do the same which stops LPs from joining the party in the US.

The MORE Act is about descheduling and social justice which is much better for Canadian LPs but it's also a big move for a country that's been in a prohibition and war on drugs mentality for so long. It also likely needs support of 60% of the senate in order to overcome the filibustering that will likely derail the legislation otherwise. Without the support of 60 or more senators, debate on the bill can't be ended and the legislation will have to be tabled.

Some of the provisions from legislation could be included in covid stimulus but I don't think that's likely. Provisions were introduced in previous relief packages but their illimination was an easy compromise to make in order to move those bills forward in an expedient manor.

Based on history, the incumbent party usually loses ground in mid-term elections so the next two years are our best window to get the legislation passed.

Thoughts?
Comment by hevin on Jan 22, 2021 3:43pm
Yes, the MORE act should also aid Can LPs too in finally being able to enter the US in some form while the SAFE act is more for US companies only,  of which many of us also hold shares. As for the Senate, unless I missed something in the last couple of hours, Schumer isn't going to allow the Replicans (lol) the ability to filibuster while *itch MdConnell desperately wants it. This is the ...more  
Comment by OneBigFish on Jan 22, 2021 6:11pm
Currently in order to pass legislation the rule is 60%. For nominations and budget related items like covid relief it's just 50+1. McConnell is wanting the Dems to agree to not change the rule for filibuster before they even set the committees this week. The thing is, if they take out that rule then the next time the Republicans have control they'll go hog wild. Glad I don't live ...more  
Comment by hevin on Jan 22, 2021 7:07pm
And with the filibuster little or nothing will get passed at all in the Senate as has been the usual case in the last few decades. If you're right and it truly is 60% majority vote without a filibuster then it will not pass. But I still believe Biden can sign an executive order to pass it, citing a dysfunctional, obtuse senate and that 60%+ Americans want it legalized. Thoughts?
Comment by OneBigFish on Jan 23, 2021 2:18pm
For anything to get done on the Democrat agenda it seems like the filibuster needs to be eliminated. It's anti democratic for a country to elect a majority in the house and senate and then legislation is obstructed by a minority. Then voters turn on the party in power during mid-term elections because they haven't accomplished what they said they would.  {^youtubevideo|(width)425 ...more  
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