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Cross-Border Pot Deals Getting More Creative

  • Tilray-MedMen adds to growing list of Canada-U.S. transactions
  • Fire & Flower, Scotts Miracle-Gro also find way around border
Aphria, Tilray Combine To Create Biggest Cannabis Company
Photographer: Annie Sakkab/Bloomberg

The line that divides Canada from the U.S. is looking more and more illusory for the cannabis industry. 

The 49th parallel used to be a big deal for marijuana growers. Canada’s legalization in 2018 spurred a generation of startups north of the border and investors flooded in with the hope they would follow the path of Canadian alcohol companies, which got a head start on U.S. competitors before prohibition was repealed.