MJBizMag September 2022 - 42

STRENGTH AT ANY SIZE
MIGHTY MICROS
Microbusiness license holders say lower cost of entry
tempered by risk of failure
By Omar Sacirbey
T
he North American cannabis
industry is increasingly being
dominated by multistate
operators and other large companies,
often at the expense of small
businesses.
At best, these small businesses get
acquired by big players. At worst, they
shut down, unable to compete with the
economies of scale and resources big
players have.
" We've mostly seen consolidation
or people selling their stores. But
more recently, others have gone out of
business, and it'll be interesting to see
if more shutting down happens over
the next few years, " said Peggy Moore,
CEO of Love's Oven, a Denver-based
edibles producer.
The closure of marijuana companies
is a rising and unfortunate trend for
an industry that advocated legalization
States with Small or Micobusiness Licenses
WA
VT NH
MT
OR
ID
WY
NV
UT
CA
CO
KS
MO
KY
NC
TN
AZ
NM
TX
OK
AR
MS
LA
FL
AK
Already Offering
Upcoming/Considering
Source: MJBizFactbook 2022
HI
42 September 2022 | MJBizMagazine
AL
GA
SC
NE
IA
OH
IL
IN
WV
VA
DE
MD
DC
SD
ND
MN
MA
WI
MI
PA
NJ
NY
RI
CT
ME
partly on the promise of creating
opportunities for small businesses.
REGULATORS GET INVOLVED
More states are seeking to combat the
trend of small businesses failing and
create a cannabis industry replete with
small businesses.
For example, Vermont's recreational
market, set to launch in October, allows
vertical integration but also limits

MJBizMag September 2022

Table of Contents for the Digital Edition of MJBizMag September 2022

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