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The newest mega-merger in cannabis marks one more step toward Big Weed

Jenni Avins
The newest mega-merger in cannabis marks one more step toward Big Weed

The US cannabis industry got a new green giant this week. Curaleaf Holdings, a Massachusetts-based operator of cultivation sites, processors, and dispensaries, announced a deal to acquire Grassroots Cannabis, a Chicago-based company that will give the company access to the newly legal and highly lucrative Illinois market—which by some estimates, could soon rival that of Colorado. According to Barron’s calculations of the companies’ combined revenues, the $875 million deal makes Curaleaf the world’s biggest seller of legal cannabis, with more than $250 million in revenue in 2018.