Arizona, Maryland, California, Massachusetts – Why Big Cannabis MSOs Are Closing Up Shop ASAP in Major States!

Over the past five months, two of the largest MSOs in the country, Trulieve Cannabis based in Florida and Cresco Labs based in Chicago, have withdrawn from state-legal cannabis markets. This strategic move reflects their ongoing efforts to fortify their balance sheets, a response to the challenging macroeconomic environment and the slow pace of federal cannabis reform. The cannabis industry eagerly anticipates widespread federal reform and an improvement in investor sentiment.