Big marijuana news was made last week when the firm Aurora Cannabis merged with rival MedReleaf in a $3.2 billion deal — the largest in the history of the industry. The merger will help consolidate Auroa’s status as “the biggest pure play cannabis company in the world,†the CBC reported, noting the company’s “supply and licensing agreements in countries as far afield as Germany, Italy, Brazil and Australia.†Together, added Reuters, this merged entity is expected to produce over 1.2 million pounds of cannabis per year “through nine facilities in Canada and two in Denmark.†The news was no doubt worrying to Aurora’s many rivals in the increasingly cutthroat world of commercial pot, such as Acreage Holdings, the ambitious firm that made headlines last month when former House speaker John Boehner joined its board of directors.
https://www.nationalreview.com/2018/05/marijuana-like-big-tobacco-predatory-industry/
