2019: A Year Of Cannabis M&A Deals

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Anyone who closely follows the cannabis industry knows that it is experiencing unrivaled growth.

The year is set to end with a 31.7% increase in annual legal cannabis sales, bolstered by new regulation, improved policy and an overall strive for entrepreneurship, according to a New Frontier Data study. 

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Not only that, legalized U.S. cannabis sales are expected to hit a whopping $13.6 billion by the end of the year.

The industry is hot with merger and acquisitions that follow deals such as Aurora Cannabis Inc (NYSE: ACB)’s purchase of MedReleaf and Altria Group Inc (NYSE: MO)’s investment in Cronos Group Inc (NASDAQ: CRON). 

At the Benzinga Cannabis Capital Conferences, making deals is a top priority. Before you attend and network with companies and investors alike, check out some noteworthy mergers and acquisitions in 2019.

Medicine Man/Starbuds

Earlier this month, Medicine Man Technologies Inc. (OTC: MDCL) purchased several stores from Starbuds, one of Colorado’s largest and most reputable dispensary chains, for $31 million and stock shares.

But it doesn’t stop there. Later that week, Medicine Man announced the acquisition of Colorado Harvest Company, a chain of three dispensaries in Denver and Aurora, for $12.5 million.

The chain of events unfolded soon

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