Regional Tracker
The Viridian Cannabis Regional Tracker is the premier resource to follow the movement of capital and M&A by location.
Cannabis industry capital raises and M&A activity are shifting. Newly legalized states in the Central and Northeast have become the focus of an increasing amount of capital deployment to fund new cultivation capacity and new dispensaries. MSOs are often finding it more advantageous to build scale in new states through acquisition rather than internal build, leading to a similar shift in M&A activity.
The Regional Tracker gives investors a clear view of where capital is being allocated.
Capital raises ltm (Last 12 months)
New York ranks number one in total capital raised at $574.51M and ranks first in total transaction volume with 15 total raises. Florida ranks second in total capital raised at $335.30M and ties with California for second place in transaction volume with 11 transactions for the LTM period ended 11/15/24. Illinois ranks third in total invested capital at $225.00M for the LTM period ended 11/15/2024.
M&A LTM
Florida ranks number one in transaction volume by state with 9 deals for LTM ended 11/15/2024. California ranks second in total M&A transactions with 8 total deals completed for LTM ended 11/15/2024. Colorado, Maryland and Nevada tie for third with 3 deals completed for the LTM period ended 11/15/2024.
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