Latest / The Buyout Show with Fexingo: Private Equity, Roll-Ups, and Business Acquisitions
How Private Equity Is Buying Up Marijuana Dispensaries
Episode 72 of The Buyout Show explores the growing wave of private equity investment in legal cannabis dispensaries across the United States. With federal rescheduling on the horizon in mid-2026, firms like Curaleaf and Green Thumb Industries are consolidating smaller operators at a rapid clip. Lucas and Luna break down the economics: how the average dispensary acquisition multiple has climbed from 6x to 9x EBITDA in two years, the role of state-level licensing bottlenecks, and why PE firms see cannabis as an infrastructure play rather than a growth bet. They also examine the risks — from…
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