As more states vote to legalize recreational cannabis, existing states in which it's already legal, such as Illinois, are holding lotteries to offer new cannabis dispensary licenses. Among the multistate operators that have been taking part in the recent consolidation frenzy is Ayr Wellness (OTC: AYRW.F), a vertically integrated operator (that means it covers the full supply chain, from cultivation through retail sale) headquartered in New York. Ayr's most recent two acquisitions align the company more clearly for future growth in the market, as well as giving it a presence in a highly competitive and revenue-generating state, Illinois, where it currently has none.
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