The cannabis industry's mergers and acquisitions (M&A) landscape is undergoing a transformation, as highlighted in a recent panel discussion led by Scott Greiper, founder and president at Viridian Capital Advisors, at the Benzinga Cannabis Capital Conference in Chicago.
This evolving sector has witnessed significant changes in recent years, reshaping the strategies of key players.
Cannabis M&A Landscape And Regulatory Prospects
Greiper emphasized the historical significance of M&A in the cannabis industry, noting that multi-state operators (MSOs) were driving M&A activities, capturing 80 cents of every dollar raised in the sector. However, a market correction approximately two years ago shifted the dynamics towards a more conservative, buyer's market.
One critical development discussed was the potential passage of the SAFE Banking Act, which could provide financial stability to cannabis companies, potentially attracting investors.
See Also: MSOs And Cannabis Rescheduling: A Safer Bet? Analyst Looks Closer At Pros And Cons
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