Harvest Health sets cannabis industry standard with $850 million acquisition of multistate operator Verano
Lisa Bernard-Kuhn and Nick Thomas
Arizona-based Harvest Health & Recreation reached a binding agreement to acquire Verano Holdings of Chicago for $850 million, a deal thats considered to be the largest acquisition inked in the U.S. cannabis industry to date.
The deal surpasses the previous record for a U.S. acquisition in the cannabis industry MedMens $682 million all-stock purchase of PharmaCann in October.
Both acquisitions are a sign that M&A activity will remain brisk in the cannabis industry, with more blockbuster deals down the road.
Upon closing, the all-stock deal with Verano will give Harvest o....
Welcome to the latest edition of NORMLs Weekly Legislative Roundup
At the state level, the North Dakota House of Representatives defeated a decriminalization bill on the House floor by a narrow 43-47 vote. On the same day, LegalizeND announced that they will try again with a 2020 legalization ballot initiative.
Arizona Governor Doug Ducey signed legislation into law this week permitting the production of industrial hemp in accordance with the new federal regulations.
Delaware prosecutors will no longer be encouraged to pursue criminal charges against those who possess ma....
Chronicle AM: FBI to Investigate Fatal Houston Drug Raid, NH Legal Pot Bill Advances, More...
This could be legal soon in New Hampshire if that marijuana legalization bill keeps moving. (image:IRIN)
The fallout from that fatal January Houston drug raid continues, a New Hampshire pot legalization bill advances, so does a Florida bill to allow smokable medical marijuana, and more.
This could be legal soon in New Hampshire if that marijuana legalization bill keeps moving. IRIN
Illinois Governor Uses Budget Address to Call for Legalization. As he unveiled his first annual budget Wednesday, Gov. J,B. Pritzker called for marijuana legalization and taxation to help pay for $1.1 billion in new spending. He also called for the legalization and taxation of spo....
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