Colorado is an OG cannabis state, having legalized in 2014. Colorado initially implemented no limits on the number of retail and cultivation licenses. Local operators enjoyed one major advantage here, until 2019, when the state decided to allow public company and out-of-state operators to enter this previously protected market.

The state began issuing licenses in January 2020 for marijuana hospitality establishments, including tasting rooms, cannabis cafes, and designated consumption areas in hotels.

The state issued its first recreational marijuana delivery license to social equity applicant Doobba LLC. Deliveries are slated to begin as early as Fall 2021 in partnership with Strawberry Fields dispensaries.

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November 2021 | Schwazze signs definitive agreement to acquire MCG, LLC (Emerald Fields dispensaries) for $29MM

November 2021 | Columbia Care completes acquisition of Medicine Man for $42MM

October 2021 | Curaleaf completes acquisition of Los Suenos Farms for $67M

October 2021 | Canopy Growth agrees to buy Wana Brands for $298MM, pending federal cannabis legalization

October 2021 | Flowhub receives $19MM from Poseidon and Jay-Z

October 2021 | Akerna issues $18MM in senior secured convertible notes

August 2021 | CFN Enterprises acquires CNP Operating for $35MM

August 2021 | Village Farms International acquired Balanced Health Botanicals for $72MM

September 2020 | Columbia Care acquires The Green Solution

June 2020 | Schwazee acquires Starbuds for $120MM

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MSOs and other consolidators continue to be on the prowl. The most efficient producers and brands with loyal followers are the most attractive targets. Local operators need to pursue economies of scale or find someone to partner with who can.

With brand importance on the horizon, don't be surprised to see local Colorado operators take their show on the road.

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