Curaleaf in Record $1 Billion Deal for Cannabis Oil Company

Curaleaf said Wednesday it will buy cannabis oil company Cura Partners for $1 billion, the largest acquisition to date in the legal marijuana industry and a sign of how quickly the budding sector is maturing. Combined, the companies generated total revenue of about $200 million last year. That would make it the largest cannabis company in the U.S., surpassing competitors like Trulieve Cannabis, which had $139 million in revenue last year. The acquisition is expected…

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Author: Sarah Min, CBS News