These marijuana companies may seek an acquisition.

Competition in the marijuana market is surging thanks to the legalization of the recreational use of cannabis in October 2018 in Canada, and the growing number of U.S. states that have approved its medical and recreational usage. With these developments, more companies are looking to acquire smaller competitors to stay ahead of the pack. Canadian and U.S. companies will seek deals or partnerships as the industry heats up, says Jason Spatafora, co-founder of Marijuanastocks.com and a Miami-based trader and investor. "You're going to see some acquisitions. It's really about survival. You can't go it alone as a late-stage company at this point," he says. Here are seven marijuana companies that could seek acquisitions soon.