The U.S. and Canadian cannabis stock market has been on a roller-coaster ride over the last few years. Right now, they’re on a downward trajectory. This has more to do with the inactivity in Washington, D.C. on the legalization front than anything. Many marijuana companies have actually been posting record financial results.
Despite the general malaise, there are signs that the pot industry is getting ready for the federal legalization of recreational cannabis in the U.S.
One recent positive sign is Cresco Labs Inc’s (CNSX:CL, OTCMKTS:CRLBF) plan to buy Columbia Care Inc (CNSX:CCHW, OTCMKTS:CCHWF).
The post Cresco Labs Inc’s Blockbuster Deal Will Create Largest Pot MSO by Revenue originally appeared at Profit Confidential.