Massachusetts’s Cannabis Control Commission has approved the state’s first acquisition of a marijuana company this week.
The sale of Sira Naturals to Cannabis Strategies Acquisition Corp. has been officially approved.
Sira Naturals owns three medical marijuana dispensaries, in Cambridge, Somerville and Needham and secured licenses to cultivate, manufacture and transport marijuana for the recreational market.
It was announced back in October that Cannabis Strategies Acquisition Corp. was goign to buy Sira Naturals and three Nevada-based marijuana companies and one company that operates in Nevada and Colorado.
Other proposed acquisitions are still awaiting consideration by the commission.