LeafLink, a leading B2B cannabis marketplace, has acquired Leaf Trade, further solidifying its position as a top player in the wholesale cannabis sector. This acquisition is expected to create an enterprise generating an impressive $9 billion annual gross merchandise volume (GMV). The combined companies plan to strengthen the cannabis marketplace, enhancing the reach and efficiency of cannabis retailers and distributors.
LeafLink’s Expanding Influence
Since its launch in 2016, LeafLink has been revolutionizing the cannabis space by connecting over 8,400 marijuana retailers with 3,700 cannabis brands and distributors. The company currently holds a 50% market share in the U.S. wholesale cannabis industry across 30 states. The acquisition of Leaf Trade will expand this reach, offering integrated technology solutions to a broader customer base.
Leaf Trade’s Specialization and Strategic Merger
Leaf Trade, which serves multi-state operators (MSOs) and enterprise cannabis companies, specializes in order fulfillment in the highly regulated cannabis market. The company merged with Sweed in March 2023, generating $3 billion in GMV. With LeafLink’s acquisition, the new powerhouse aims to streamline operations and boost financial performance for all players in the cannabis market.
What’s Next for the Industry?
Both companies plan to maintain independent operations during the transition. However, with the U.S. cannabis market projected to hit $55 billion by 2030, LeafLink’s acquisition of Leaf Trade is poised to reshape the industry. By providing enhanced marketplace offerings and tools, the partnership aims to support the growth of businesses from small retailers to large MSOs.
The Future of Cannabis Commerce
This acquisition marks a major step forward for LeafLink as it seeks to lead the cannabis market with innovative tools and solutions. For cannabis businesses, it promises improved efficiency, better financial performance, and a broader marketplace to explore.
Let us know your thoughts on this acquisition or the future of the cannabis market in the comments!
