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.
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“Obtaining our license to sell cannabis oils is another major milestone for Aurora, said Terry Booth, chief executive.
Now that recreational marijuana is legal in the state of Washington, it is available in a number of forms. Everyone knows that marijuana can be smoked, but companies such as Dixie Elixirs and Canna Cola also sell marijuana-infused edibles and drinks.
As marijuana businesses in Colorado and Washington found themselves suddenly without working ATMs last week, it became painfully clear, yet again, that the industry has to find a way out of the banking dilemma created by the conflict between state and federal laws regarding marijuana’s legal status.