Worcester Business Journal

June 12, 2023

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wbjournal.com | June 12, 2023 | Worcester Business Journal 3 now. Perhaps, though, they should have more creative food menus, as I get intense and odd cravings when I'm high. Pizza, cake, and grilled cheese, anyone? – Brad Kane, editor T he Massachusetts culture around the use of marijuana has come a remarkably long way in the five years since the first legal adult-use dispensa- ries opened in Leicester and Northamp- ton. Yet, we have a long way to go. Ahead of the 2016 ballot measure that led to recreational cannabis legalization, the state's governor, mayor of its largest city, and attorney general (now current governor) were strongly opposed to the initiative, warning of potential dire conse- quences. Fast forward to today, nearly 300 dispensaries are open, the conservation around consumption is shiing from the medical benefits to the joys of recreation- al use, those dire consequences never materialized, and Gov. Maura Healey told Commonwealth Magazine her 2016 oppo- sition may have been unnecessary. As I wrote in this space a year ago, I've come around on marijuana, too, having gone from a young adult who lectured his friends about the supposed ills of getting high to now being a frequent user of cannabis edibles. At WBJ, we have regular conversations about our favorite products and dispensaries. One of these conversa- tions directly led to WBJ breaking news on June 6 about CommCan closing its South- borough operations amid a consolidation. In this edition, we examine how far the business of cannabis has come, particu- larly how the market went from having guaranteed large margins for a handful of operators to now hundreds of companies pushing prices – and margins – lower and lower. On page 12, WBJ Correspondent Monica Benevides writes about how small businesses are adapting in her "Retail is king" article. On page 14, WBJ Correspon- dent Livia Gershon in her "Cannabis comes of age" feature examines how the industry and regulators are looking toward the future, trying to solve the racial inequity in the industry and looking at the next stage of businesses, such as cannabis cafes where public, social consumption is legal. Looking further into the future, I'd love to see the stigma around the marijuana industry entirely dissipate: Dispensaries would be as common as liquor stores, discussion around cannabis use would be as tolerated as drinking wine, and cannabis cafes would dot the landscape as bars do A cannabis future without stigma W I N T H I S I S S U E Worcester Business Journal (ISSN#1063-6595) is published bi-weekly, 24x per year, including 4 special issues in May, September, October, and December by New England Business Media. 172 Shrewsbury St., Worcester, MA 01604. Periodicals postage paid at Worcester, MA. Copyright 2023. All rights reserved. Postmaster: Please send address changes to: Worcester Business Journal, PO Box 330, Congers, NY 10920-9894. Subscriptions: Annual subscriptions are available for $84.00. For more information, please email circulation@wbjournal.com or contact our circulation department at 845-267-3008. Advertising: For advertising information, please call Mark Murray at 508-755-8004 ext. 227. Fax: 508-755-8860. Worcester Business Journal accepts no responsibility for unsolicited manuscripts or materials and in general does not return them to the sender. Worcester Business Journal 172 Shrewsbury Street, Worcester, MA 01604 508-755-8004 tel. • 508-755-8860 fax www.wbjournal.com Worcester Business Journal WBJ A division of: ELEVATE Northeast Events and Education, Inc. is a woman-founded 501(c)3 nonprofit organization dedicated to using education as a tool to end stigma against those who consume and work with cannabis, and to foster an informed and inclusive industry. Learn more at elevatene.org TA B L E O F C O N T E N T S 14 Cannabis comes of age Five years in, questions about overregulation and equity remain as regulators eye new issues, such as cannabis cafes and scientific research. 19 The high dive into entrepreneurship In a touching tribute to her brother, KnowHow advice columnist Lauren Howe discusses how to take the plunge into running your own business and turn it into a success story. Editor, Brad Kane, bkane@wbjournal.com Staff Writers Timothy Doyle tdoyle@wbjournal.com (Real estate, higher education) Isabel Tehan, itehan@wbjournal.com (Health care, diversity & inclusion) Editorial Intern Moesha Nugent, mnugent@wbjournal.com Contributors Giselle Rivera-Flores, Laura Finaldi, Monica Benevides, Alan Earls, Susan Shalhoub, Livia Gershon Photgraphers Matt Wright, Edd Cote Research Director, Stephanie Meagher, smeagher@nebusinessmedia.com Research Assistant, Heide Martin, hmartin@nebusinessmedia.com Production Director, Kira Beaudoin, kbeaudoin@wbjournal.com Art Director, Mitchell Hayes, mhayes@wbjournal.com Senior Accounts Manager Christine Juetten, cjuetten@wbjournal.com Senior Special Accounts Manager Mary Lynn Bosiak, mlbosiak@wbjournal.com Senior Account Executive Yasmin Nasrullah, ynasrullah@wbjournal.com Marketing & Events Manager Kris Prosser, kprosser@wbjournal.com Human Resources Manager, Tracy Rodwill, trodwill@nebusinessmedia.com Accounting Manager, Sara Ward, sward@nebusinessmedia.com Accounting Assistant, Rae Rogers, rrogers@nebusinessmedia.com Account Receivable Specialist, Patty Harris, pharris@ nebusinessmedia.com Audience Development Manager, Leah Allen, lallen@nebusinessmedia.com Business Office Assistant, Nicole Dunn, ndunn@nebusinessmedia.com Publisher, CEO, Peter Stanton pstanton@nebusinessmedia.com Associate Publisher, Mark Murray mmurray@wbjournal.com President, Tom Curtin tcurtin@hartfordbusinessjournal.com 4 Central Mass. In Brief 12 Focus on Business of Cannabis 17 The List: Largest marijuana businesses 18 Movers & Shakers 19 Know How 20-21 Opinion 22 Shop Talk: Burlap to Boards

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