M&A and Investor Readiness for U.S. Cannabis Operators
Introduction U.S. cannabis M&A is not “business as usual.” Federal illegality still shapes everything: tax (IRC §280E), banking access, diligence depth, and how much of a deal can actually close on schedule (licenses, ownership approvals, local permits). As of February 26, 2026, the federal government has signaled movement but has not delivered full federal legalization. …