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Here's what's happening across the cannabis industry today.

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F E A T U R E D  S T O R Y

Colorado cannabis retail chain purchase signals M&A shift

The recent acquisition of a prominent Colorado cannabis retail chain is the latest sign that the national industry is entering a new phase of consolidation, observers told MJBizDaily. Verdant Capital Partners announced the purchase of 17 of Native Roots' 21 retail stores for an undisclosed sum. And Verdant is planning more deals in other markets, where it wants to scoop up retail permits only, CEO Julien Michalowski told MJBizDaily. Read story >

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• Federal marijuana rescheduling may speed Tennessee MMJ legalization. Read story >
• New 24% wholesale tax continues to punish Michigan cannabis. 
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• Colorado considers cannabis tax hike amid declining sales. 
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• Cannabis vapes now outselling flower in California – thanks to Gen Z. Read story > 

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