Cannabis Industry Faces Regulatory Challenges, Market Decline

The Massachusetts cannabis industry is facing significant challenges as it grapples with regulatory changes that have impacted sales and operations. Retailers like Art Nergaryan experienced a boom in business with THC-infused beverages, only to see a sudden decline when state regulators banned their sale in wine and liquor stores. This reflects a broader trend within the state, where over 700 cannabis retailers are closing or surrendering licenses amid calls for regulatory reform to address an unsustainable market. The Cannabis Control Commission has been criticized for slow responses to industry needs, prompting discussions about restructuring. Meanwhile, Minneapolis is introducing new regulations for cannabis businesses, including registration and compliance checks, as part of efforts to support the growing cannabis market. The state is also offering grants to assist new cannabis businesses with navigating the complex regulatory landscape.