This Cannabis Behemoth May Have to Yield Some Revenue to Mom-and-Pop Shops
Three years ago, state cannabis laws in Maine were changed in an effort to support the smaller mom-and-pop type businesses in the marijuana industry, known as "caregivers" in the state. The goal was to allow the smaller businesses to better compete with the larger dispensaries by giving them the opportunity to open storefronts and hire more employees, among other things.
New regulations proposed by the state are now threatening to dismantle the opportunities put in place three years ago. One of the companies in favor of these new regulations is Curaleaf Holdings (OTC: CURLF), a large vertically integrated cannabis operator with annual sales of $1 billion and a plethora of dispensaries across 23 states. Among those states is Maine, where the company has four operational dispensaries, with one more on the way. Depending on which direction new regulations take, Curaleaf may end up ceding some revenue to the mom-and-pop shops.
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Source Fool.com
