The fragmented, state-by-state nature of the marijuana industry historically has been dominated by small, local players, but larger, publicly traded companies with operations in multiple states are becoming an increasingly prevalent force.
Rapid consolidation and expansion among cannabis companies dominated 2018 with more than 300 mergers and acquisitions and a rash of reverse takeovers that allowed U.S. companies to go public in Canada, where marijuana is federally legal.
As of Jan. 9, the five publicly traded plant-touching multistate operators
This post is from Marijuana Business Daily. We encourage our readers to continue reading the full article from the original source here.