Canadian cannabis company Aphria eyes U.S. market as Biden presidency approachesPosted 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.

Simon said Thursday that he has his sights set on the burgeoning U.S. pot market for the Leamington, Ont.,-based cannabis company.

“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.”

Brimming with anticipation

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

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 possession.

Through U.S. ballot questions, five states — Arizona, New Jersey, South Dakota, Mississippi and Montana — also recently voted in favour of legalizing recreational or medical cannabis.

Simon is positioning Aphria to take advantage of these developments with scalable…

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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.

Simon said Thursday that he has his sights set on the burgeoning U.S. pot market for the Leamington, Ont.,-based cannabis company.

“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.”

Brimming with anticipation

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

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 possession.

Through U.S. ballot questions, five states — Arizona, New Jersey, South Dakota, Mississippi and Montana — also recently voted in favour of legalizing recreational or medical cannabis.

Simon is positioning Aphria to take advantage of these developments with scalable…



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