Posted 4/14/2024, 11:31:00 PM
Cannabis group cautions state on risks of oversaturating legal market
- Legal cannabis industry group warns state not to flood market with too many pot shops, could have "disastrous consequences" for current operators
- Group worries oversaturation will lead to business failures and public health risks
- Legal retailers already struggling to compete with thriving illegal market
- Flooding market could undermine state's social equity goals and leave vulnerable entrepreneurs unsustainable
- Group calls for thorough market analysis and stakeholder review before making major policy decisions on licenses