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Cannabis-industry growth in the US sees a spike in regulatory action
13 September 2019 00:00
The announcement that Curaleaf was aiming to create the US’s biggest cannabis company with its $875 million GrassRoots merger is likely to attract scrutiny, as officials from the US Department of Justice review the deal. In fact, the US regulator has issued second requests for information on nearly every cannabis merger is has dealt with, suggesting an interest on the part of government agencies to increase their expertise in dealing with a relatively new industry.
Curaleaf aims to create the US’s biggest cannabis company with its $875 million GrassRoots merger.
Cannabis company Curaleaf Holdings has received a second request for information from the US Department of Justice regarding its planned $875 million acquisition of GS Companies, also known as Grassroots, MLex has learned.