Estimates are that our great state had thousands of dispensaries before legalization took hold. A year and a half later — with the arrival of licensing requirements — California has only a few hundred licensed shops. “All that’s left in the legal market today are companies that were able to obtain either provisional or annual cannabis business permits, a pool significantly smaller than the original group of temporary licensees.”
MJ Biz Daily
- “[A]s the state tries to clean up after,” the travails of the cannabis vanguard on which the legal weed industry is built, contraction has become the Green Rush watch word.
- Analysis of state licensing data shows that recent contraction brought about a 48% drop in the number of active cultivation permits, along with a 29% decline in the number of licensed manufacturers from the close of 2018 to right about now.
- Because getting a temporary permit to open a cannabis business is easy, many never even getting started up operations. Reportedly, dozens of cultivation permits were signed-up for and never used.
