Cannabis M&A is set to tick up in Arizona, New Jersey - Business Insider

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The cannabis industry is set for a wave of M&A after 5 states voted to legalize marijuana. Industry insiders lay out who's going shopping and the types of deals you can expect.

Ayr Strategies, a multi-state cannabis company, acquired three Arizona dispensaries the day after the election.

Should that happen, Fisher said she expects the industry to look for ways to enter the New York and Pennsylvania markets "in big and significant ways." Two main types of companies are likely to strike deals, said Kenneth Shea, a senior industry analyst at Bloomberg Intelligence. Shea said he expects M&A activity from Canadian LPs, like Canopy Growth, and US multi-state operators , like Curaleaf or Green Thumb Industries.

Last week, Aphria acquired Atlanta-based craft brewer SweetWater Brewing Company in a bid to establish its footprint in the US ahead of legalization. Eventually, the aim is to use SweetWater's branding and distribution to sell THC beverages, though that's not possible right now, Aphria CEO Irwin Simon said in an interview with Business Insider.

 

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I hope this will stop the illegal supply from other countries

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