Law.com hear from a number of GC on the Cannabis M&A environment in the US. They write, “Experts in the field discuss the underlying causes of recent mergers and acquisitions in the cannabis space either being changed significantly or abandoned entirely.”

They report

Many mergers and acquisitions in the cannabis space this year have either been changed significantly or abandoned entirely. Experts in the field say M&A in the cannabis industry has been difficult largely because of the volatile ever-changing cannabis market, federal prohibition and a patchwork of state laws.

Read full report (Paywall)

https://www.law.com/corpcounsel/2019/11/25/general-counsel-share-why-cannabis-ma-deals-are-having-trouble/