Following months of negotiations and various offers, Germany-based Bayer has finally consumated a deal with Monsanto, purchasing the seed giant for $66 billion. The merger is reported to be the largest all-cash deal on record.
This purchase has the potential to change a lot of things. None of the good for consumers. Monsanto is already engaged in the monopolization of the world’s food supply. There is no reason think they wold not use the same tactics in the Cannabiss Industry. Expect more plants to be genetically modified organisms (GMOs) and grown with chemicals.
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This is an interesting time for the industry and Bruce’s perspective is always insightful and informative. He was dubbed the “King of Pot” by the FBI more than two decades ago and the CNBC show Marijuana Inc that featured his life story has been viewed more than 18 million times. He has since been dubbed the Godfather of Pot Stocks having started the first publicly traded company in the medical marijuana industry, Medical Marijuana Inc. (Symbol MJNA) .