A second round of multistate marijuana operators are rapidly expanding their geographic footprints, taking advantage of acquisition and licensing opportunities as well as their ability to raise financing.
The companies appear to be trying to follow in the footsteps of established MSOs such as Massachusetts-based Curaleaf, Illinois-based Green Thumb Industries and Illinois-based Cresco Labs.
The upstart MSOs show signs of being “up-and-comers,” but experts caution that what might look good in news releases must still be proved on the ground.
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