MedMen, one of the most recognizable brands in the rapidly expanding cannabis industry, acquired the medical marijuana dispensary chain PharmaCann in a $682 million all-stock transaction.

It's the largest cannabis acquisition in the US to date.

Based in Los Angeles, MedMen has 14 high-end marijuana dispensaries — which some have compared to Apple Stores— in California, Nevada, and New York.

It's publicly listed on the Canadian Securities Exchange. 

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Jeremy Berke ~ BusinessInsider.com ~