Aphria CEO eyes U.S. cannabis legalization as Biden prepares to take officePosted by On


Aphria Inc. chief executive Irwin Simon is seeing green as Democrat Joe Biden prepares to be sworn in as president of the United States next week.

“The recent election will likely provide a stronger near-term potential for change of federal cannabis regulations and at Aphria we are ready and well-positioned for it,” he told a conference call with financial analysts to discuss the company’s latest financial results.

“We expect change to happen faster and decisions to be made sooner under the new Democratic leadership.”

Simon’s excitement around the market matches many of Aphria’s competitors who have been brimming with anticipation ahead of Biden’s inauguration.


Click to play video 'Canada’s legal marijuana industry turns two: what has changed?'







Canada’s legal marijuana industry turns two: what has changed?


Canada’s legal marijuana industry turns two: what has changed? – Oct 17, 2020

 

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Biden’s party is behind the Safe Banking Act, a bill that will allow financial institutions to work with cannabis companies without retribution, and he and running mate Kamala Harris have spoken in favour of decriminalizing pot and expunging criminal records related to its…

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Aphria Inc. chief executive Irwin Simon is seeing green as Democrat Joe Biden prepares to be sworn in as president of the United States next week.

“The recent election will likely provide a stronger near-term potential for change of federal cannabis regulations and at Aphria we are ready and well-positioned for it,” he told a conference call with financial analysts to discuss the company’s latest financial results.

“We expect change to happen faster and decisions to be made sooner under the new Democratic leadership.”

Simon’s excitement around the market matches many of Aphria’s competitors who have been brimming with anticipation ahead of Biden’s inauguration.


Click to play video 'Canada’s legal marijuana industry turns two: what has changed?'







Canada’s legal marijuana industry turns two: what has changed?


Canada’s legal marijuana industry turns two: what has changed? – Oct 17, 2020

 

Story continues below advertisement

Biden’s party is behind the Safe Banking Act, a bill that will allow financial institutions to work with cannabis companies without retribution, and he and running mate Kamala Harris have spoken in favour of decriminalizing pot and expunging criminal records related to its…



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