*This article originally appeared on Cannabis Business Executive on June 25, 2019
When it was announced in April 2019, Canopy Growth Corp.’s conditional deal to purchase Acreage Holdings Inc. raised eyebrows not only because of its price tag (potentially exceeding US$ 3 billion in total consideration), but also because of the transacting parties’ apparent willingness to test the boundary of U.S. anti-money laundering law (“AML”). Canopy is a Canadian company; Acreage is American. Both are involved in their respective countries’ domestic cannabis industries.
Continue Reading Cross-border Cannabis: The Potential Impact of Anti-Money Laundering Laws on International Cannabis Deals