It would be an understatement to say that M&A activity was robust in Colorado’s cannabis marketplace last year, especially concerning the state’s dispensaries and cultivators. Just consider:
• Canopy Growth bought ebbu.
• Cresco took over Origin House.
• Aurora bought MedReleaf.
• Altria shoveled capital into Cronos.
• And the biggest cannabis deal in history was Harvest Health’s $850 million takeover of Verano Holdings.
Can we expect the same kind of frenzied activity in this sector again this year?