A Peek at the World of Cannabis Investing

Dear Client:  M&A transactions in the US cannabis industry have totaled $5.5 billion year-to-date, according to Viridian Capital Advisors, reports the Wall Street Journal. Comparatively, transactions totaled about $3 billion last year and $3.7 billion in 2019.   The "last big M&A spree" in the cannabis industry was about three years ago, per WSJ.  Indeed, Matthew Bartlett, senior operating partner at Merida Capital Holdings, said during a panel discussion at the recent Wine & Weed Symposium that "in 2017, money was