Michigan officials are still months away from finalizing rules on internet gaming and sports betting, but some Michigan-based Native American tribes are taking early steps to participate in the newly legalized industry.
Trade tariffs and the direction of the economy, coupled with concerns about the 2020 U.S. presidential election, weighed down expectations for mergers and acquisitions next year.
Even if the U.S. Senate were to pass a bill to make it easier for banks and credit unions to serve the emerging cannabis industry, questions remain over just how many financial institutions will act quickly on the opportunity.
Professionals expect a vibrant M&A market and strong deal flow this year amid easing U.S. economic growth and rising interest rates.
An already strong M&A market could get even more competitive in 2019, driven by a good U.S. economy and plenty of available capital.