Green Thumb Reportedly Wants to Merge with Boston Beer

The possible combination would form an alcohol-cannabis powerhouse.

Green Thumb Industries, a multi-state cannabis operator, is reportedly looking to catch the current wave of consolidation across the cannabis industry.

According to multiple reports, Green Thumb CEO Ben Kovler sent a letter to Boston Beer, makers of Samuel Adams and Truly hard seltzers, about a possible merger.

Green Thumb said it could make a superior offer for Boston Beer and that merging the companies would allow Green Thumb to list on U.S. exchanges.

Green Thumb, a national cannabis consumer packaged goods company and owner of RISE Dispensaries, issued a statement declining to comment on market rumors.

With cannabis progressing toward being rescheduled at the federal level, mergers and acquisitions have picked up.

Recent announcements include Canopy Growth buying Acreage and RIV Capital merging with Cansortium.

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