Trulieve, the largest marijuana company in Florida, is buying Harvest, the largest marijuana company in Arizona, in a $2.1 billion deal that could create the biggest cannabis company in the nation, the companies announced early Monday. The blockbuster deal comes just a few months after recreational sales of marijuana launched in Arizona following the passage of Proposition 207 in November, allowing anyone 21 or older to possess up to an ounce of marijuana and permitting medical dispensaries to sell it to adults. The merged company will have about 126 dispensaries in 11 states. Harvest Health and Recreation Inc. today has 39 operating shops in five states. Trulieve Cannabis Corp. has 84 operating shops in four states, with 79 of them in Florida.

Ryan Randazzo, Phoenix and Arizona local news, sports and entertainment, 05/09/2021 20:00:00

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