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Cannabis Briefs for February 9, 2021

February 9, 2021

•The Virginia state legislature voted to legalize recreational cannabis this week. With governor Ralph Northam in full support, legalization is all but assured in the Commonwealth, making it the first state in the South to take the plunge. The development is another landmark for cannabis acceptance in the U.S. and may help push some of its neighbors to consider the change as well, if other regions of the U.S. are any example. Sales won’t begin any time soon, however. While possession will become legal in July under the terms of the state senate’s bill, regulated sales would not begin until 2024. 68% of Virginia’s registered voters support legalization, according to a recent poll.

•Leamington, Ontario-based Aphria named chief strategy officer Denise Faltischek as managing director of Aphria Germany. The new role comes in addition to her previous responsibilities and she will report to CEO Irwin Simon. Faltischek joined the company in September 2019 and has led Aphria’s global business strategy, among other responsibilities. The German medical market has been a major priority of Aphria’s for years and it has had success exporting there prior to establishing its own foothold. In December Aphria agreed to merge with Tilray.

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