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MarketsCresco Labs to Buy Columbia Care in $2 Billion Cannabis DealDeal will expand Cresco reach to 17 states, up from 10Marijuana industry is consolidating amid U.S. legal hurdlesByTiffany Kary+FollowMarch 23, 2022, 10:22 AM UTCUpdated onMarch 23, 2022, 2:14 PM UTCCresco Labs Inc. plans to buy Columbia Care Inc. for about $2 billion in one of the largest cannabis industry mergers yet.The deal will combine Cresco’s well-recognized marijuana brands with New York-based Columbia Care’s retail footprint to create the largest U.S. multistate operator by revenue, Cresco Chief Executive Officer Charles Bachtell said in an interview.
