Aphria Bets C$10 Mln on Canada’s Recreational Marijuana Market

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Aphria Bets C$10 Mln on Canada's Recreational Marijuana Market

Pixabay / nattanan23 / CC0 Creative Commons

Medical marijuana maker Aphria Inc said on Thursday it would invest C$10 million ($7.80 million) in the proposed combination of two recreational marijuana companies to expand its presence in the sector.

Recreational marijuana is on track to be legalized in Canada by July 2018, making Canada the first Group of Seven country to allow the drug nationwide and the second in the world after Uruguay.

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