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To embed, copy and paste the code into your website or blog: The legal cannabis market is still in its infancy and there is much more room to grow. At the end of 2020, we saw an uptick in merger and acquisition activity as the industry shook off some pandemic-related instability, and we expect that trend to increase significantly in 2021. Despite abundant money available to the large Multi-State Operators (MSOs), most cannabis companies still have relatively limited avenues to raise capital due to the federal illegality of the industry. However, that may change soon with the Democrats now controlling both houses of Congress and the White House.