At New Cannabis Ventures, Alan Brochstein writes “selective consolidation” is coming for the industry:

“We anticipate a wave of mergers and acquisitions ahead, but we believe the focus will be divestitures by multi-state operators (MSOs) rather than mergers of entire companies, which are challenging due to the complexity of regulations by state. Florida, for example, permits a company to own only one license, which would make acquiring MedMen or iAnthus difficult for any company already operating in the state. Nevada has locked down license transfers, making asset sales in that state very challenging, for now.”

Canadian regulators temporarily halted trading of iAnthus stock.

Quick Hit

  1. Canna Law Blog visits the cannabis company structure hall of shame. It’s illustrated.