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By GABRIEL O’HARA SALINI

Over 50% of small business owners said they were likely to close or sell their business in the next five years, citing high costs across their businesses as a driving factor, a recent study from UMass Donahue Institute showed.

By GABRIEL O’HARA SALINI

The Massachusetts cannabis industry is a billion-dollar enterprise, with over 700 retailers operating across the state. Yet stores are closing, companies are firing their workers and retail and non-retail licenses are being surrendered by former operators as business owners clamor for regulatory changes to transform an industry they see as unsustainable.