Are blockbuster, billion-dollar marijuana mergers and acquisitions behind us?
Possibly, say insiders. But they also predict 2023 will feature brisk cannabis M&A activity, with the overall value of transactions possibly topping the $3.2 billion recorded in 2022.
In general, last year’s trend of smaller deals is expected to continue in 2023, with cannabis entrepreneurs eager to sell their companies – even if it means fetching a lower price.
Similarly, tough business conditions will likely mean many distressed marijuana companies will be ripe for consolidation.
But industry insiders also predict that some transactions will fail to close because of the difficult business climate – high interest rates and recession fears, for starters.
And many companies that aren’t acquired will be forced to shutter.
Last year’s $3.2 billion in marijuana M&A deals was down from a record $10.3 billion in 2021 and more in line with levels seen in
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