MA authority approves acquisition of Sira Naturals by Canadian marijuana firm

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The Massachusetts Cannabis Control Commission approved what is believed to be the first sale of a marijuana business in the state.

Sira Naturals, which owns three dispensaries in the Boston area, is being sold to Cannabis Strategies Acquisition, a Toronto-based company that invests in cannabis businesses.

Last week, regulators delayed a vote on the deal in order to request more documents.

The transaction was part of a larger acquisition of five companies that Cannabis Strategies Acquisition announced last October.

For more details on the regulatory approval of the Sira Naturals deal , click here to see the report on MassLive.com.