ACRGF - Will These U.S. Cannabis Megadeals Ever Be Completed?
Investors would probably struggle to find a faster-growing industry at the moment than legal marijuana. With a double-digit compound annual growth rate over the next decade, cannabis may offer patient investors incredible returns.
But the thing is, the marijuana space is incredibly crowded. This is especially true in the U.S. market, which is projected to be the largest in the world by annual sales. The need to gobble up as much market share as possible has led to a wave of consolidation and deal announcements in the U.S. market over the past year. However, this dealmaking hasn't necessarily produced much in the way of certainties, with either Canadian or U.S. regulators holding up these combinations for many months.
Today, we'll take a closer look at some of the biggest deals in the U.S. cannabis space over the past year and opine if they might ever close.