Cannabis businesses in Massachusetts have increasingly surrendered licenses over the past year due to economic and regulatory challenges.
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Since September 2023, four retail licenses and 26 non-retail licenses, including those held by manufacturers and growers, have been surrendered, revoked, or not renewed.
In comparison, over the prior five years, only five retail and 11 non-retail licenses were given up. This shift reflects growing difficulties for cannabis operators in maintaining their businesses amidst financial and compliance-related obstacles.
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