Minnesota’s two medical marijuana providers suddenly face droves of new rivals thanks to a groundbreaking state law that allows the sale of intoxicating hemp-derived THC edibles in mainstream retail outlets such as grocery and convenience stores.
The law – passed by state lawmakers in May – unleashed a cannabis boom when it took effect July 1 and reshaped the Minnesota market into what is likely the only one of its kind in the nation.
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In effect, the sale of hemp-based, THC-infused food and drinks amounts to what is an adult-use marijuana market.
At the same time, Minnesota’s two licensed medical marijuana providers – owned by Verano Holdings and Green Thumb Industries (GTI), both based in Chicago – now confront an unknown and unlimited number of retailers peddling intoxicating hemp-derived edibles.
Moreover, the reinvigorated market is attracting interest from out-of-state hemp farmers and manufacturers.
Under the new law, essentially
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