Report
The Attractiveness of the Cannabis Market
This report examines the growing attractiveness of the cannabis market and the surge in merger and acquisition activity across the industry. Cannabis deal-making accelerated significantly in 2021, reaching 319 transactions with a total value of approximately USD 25.2 billion, the highest level since 2018. Favorable financing conditions, expanding legalization efforts, and pressure on leading cannabis companies to grow revenue and market share fueled increased consolidation. The United States led global activity with around 210 deals valued at more than USD 10 billion. Cannabis cultivation and retail emerged as the most active segments, followed by the hemp sector. Notable transactions included major acquisitions involving GW Pharmaceuticals, Jazz Pharmaceuticals, Tilray, Aphria, Harvest He
