There’s sizable long-term growth in store for cannabis.

Analysts at  Cowen say the U.S. cannabis market could rocket to $16 billion by 2025.

Arcview Market Research and BDS Analytics say the worldwide market could explode to $57 billion by 2027.  In the U.S. alone, North American cannabis sales could reach $47.3 billion just over the next decade as well, they note.

Along with that growth, we’re likely to see further M&A activity.

Cresco Labs Inc. for example just beg big on the California cannabis market with a $825 million acquisition of Origin House.  The deal will create a premiere distribution company that will serve the largest cannabis market in the world, California.

Aurora Cannabis closed on the acquisitions of CanniMed Therapeutics and MedReleaf last year.

iAnthus Capital just agreed to acquire CBD producer, CBD for Life, which will give it presence in Urban Outfitters.  BD For Life products will appear in eight Urban Outfitters stores in the coming weeks, the company said.

Aleafia Health recently acquired Emblem Corporation in an all-stock deal valued at $173.2 million.  The company’s Canabo Medical Clinic and Emblem’s GrowWise Health will combine and now serve nearly 60,000 patients with 40 national medical clinics.

“The Emblem acquisition rapidly accelerates the execution of Aleafia’s strategy to become a vertically integrated, diversified cannabis company. It is difficult to overstate the significance of securing the highest quality medicine for our patients and Aleafia,” said Aleafia Health CEO Geoffrey Benic.  “Emblem’s product leadership in the medical and adult-use sectors and highly coveted supply agreements will perfectly complement Aleafia’s cannabis production and clinic operations. This is a transformative transaction.”

And we strongly believe the M&A trend has only just begun.

Especially as more of the players in the space decide to marry for growth rather than compete alone in what’s becoming a very crowded marketplace.

We also have to consider that as cannabis transforms multi-billion-dollar industries, such as health, wellness, and alcohol, there’s further opportunity for M&A interest.