Cannabis Regulators Approve First Marijuana Company Sale

The Massachusetts Cannabis Control Commission greenlighted the first large-scale acquisition under its purview, allowing Sira Naturals to be acquired by Cannabis Strategies Acquisition Corp., a Canadian company.

Commissioners unanimously voted to approve the deal during a quick hearing on Thursday.

The vote comes a week after the commissioners delayed voting on the acquisition, saying that they needed more information about the sale before they could proceed. In the days since, commission staffers said they received and reviewed all documentation relevant to the restructuring, including organizational charts detailing how equity would flow throughout the new organization and how voting control of the company would be set up.

Read the full article by Jessica Bartlett from The Boston Business Journal here.

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