Canada Cannabis Firm Aphria Mulls Sale of U.S. Unit

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Canada Cannabis Firm Aphria Mulls Sale of U.S. Unit

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Canadian cannabis firm 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 sill a federal ban in place.

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