As cannabis growth accelerates in North America, so has consolidation. While Canadian firms had an initial advantage given pot’s legal status there, their US peers have recently gotten a boost as states move steadily toward legalising recreational use. The incoming administration of President-Elect Joe Biden is also seen as improving the likelihood that the US will legalise on the federal level and give US companies that already operate in multiple states a larger market

Aphria, Tilray merger creates the world’s biggest cannabis company