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Aphria Considering Selling Its U.S. Unit Amid Federal Crackdown on Marijuana in Legalized Cannabis States | Cannabis Business Times

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Aphria Considering Selling Its U.S. Unit Amid Federal Crackdown on Marijuana in Legalized Cannabis States

Aphria said it was exploring strategic alternatives, including a sale, for its U.S. business, amid tightening enforcement of federal cannabis laws in the country.

Financial Post
February 2, 2018

Canadian cannabis company Aphria Inc said on Thursday it was exploring strategic alternatives, including a sale, for its U.S. business, amid tightening enforcement of federal cannabis laws in the country. Earlier this year, the U.S. Department of Justice revoked an Obama administration policy that discouraged federal prosecutors from pursuing marijuana-related crimes in states that had legalized the drug.

While states such as Colorado and California have legalized marijuana, there is still a federal ban in place. Canada is expected to legalize pot in July.

RELATED: Canadian Cannabis News

Canadian securities regulators in October asked the U.S.-linked marijuana firm to clearly warn investors about the risks, given the ban.

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