Mergers and acquisitions in the cannabis industry in 2024 totaled $1.169 billion, a decrease of $579 million – or 33% – from the $1.749 billion of industry M&A the previous year, according to Viridian Capital Advisors.
What’s behind the decline?
There are several factors, according to Frank Colombo, managing director at Viridian, a New York-based, cannabis-focused investment banking and data analytics firm, who spoke with MJBizDaily about the cannabis industry’s decreasing M&A activity and what it means moving forward.
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What are the biggest reasons behind the decline of cannabis M&A in 2024?
Cash is very tight. Over the last two years, cannabis companies have been in cash conservation mode, and a lot of deals have been canceled.
The motivation for M&A has also
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