By John Persinos
The marijuana industry is going through a tough year and glitzy mega-deals are probably behind us, for now. But the situation isn't a total buzzkill. The consolidation of distressed assets presents investment opportunities.
Cannabis companies are picking up inexpensive assets through mergers and acquisitions (M&A), a trend that will bolster the overall industry and create profits for investors who target takeovers.
Pot stocks are generally in a slump, but analysts predict that in the coming months, we'll witness robust cannabis M&A activity, with the overall value of transactions in 2023 topping the $3.2 billion posted in 2022.
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