In January, North American cannabis companies raised close to $1B. Insiders widely expect this tidal wave of capital to accelerate the industry consolidation which gained momentum in Q4.
“I would characterize the climate as very optimistic," said Sander Zagzebski, a deals attorney at law firm Greenspoon Marder, which has a large cannabis practice. He anticipates Q1 will be “very good,” and the summer to be even better.
In an interview with WeedWeek, Zagzebski discussed how cannabis mergers have changed since the last bubble, and th shifting calculus, now that federal legalization could be imminent.
Meanwhile, key Democratic Senators, including Majority Leader Chuck Schumer (D-N.Y.) are calling for an end to federal prohibition in 2021. That's not necessarily what leading multi-state operators (MSOs) want.
Marijuana Moment, WeedWeek
- At Forbes, Chris Roberts predicts a "GameStop moment" for pot stocks.