Nature’s Miracle plans a $150 million greenhouse in California City. Here is how its scale compares to Glass House and what it means for the California flower market.

California reports $609M in illicit cannabis seized in 2025 and $1.2B since 2022. If enforcement holds, the regulated market may finally get a fair fight.

How Mid-Market Acquisitions Point to Broader Consolidation Ahead For much of the past several years, cannabis mergers and acquisitions have felt frozen in place. Capital markets were cautious, valuations faltered, and many buyers sat on the sidelines. But that appears to be changing. A series of recent deals — from strategic infrastructure buys to brand consolidations — suggests that cannabis M&A activity is beginning to heat up. While none of these deals are traditional “blo