
The 60 Day Rule That Wipes Out A Third Of Dispensaries
In January 2028 a new Massachusetts rule takes effect. Fall 60 days behind on a payment and you can be cut off from every supplier in the state, unable to buy product, sell your business, or transfer your license. Todd Sullivan thinks about a third of the roughly 400 stores in the state will not survive it. He is not worried about that. He is shopping. Todd runs a debt free, profitable operation that has not raised outside money in years, and he is using that position to buy distressed assets while most operators are panicking. Todd is the President of Cannapreneur Partners, the holding company behind Joint Operations Dispensaries and Pioneer Valley Extracts. He came up as an entrepreneur and hedge fund manager before going all in on cannabis. In this conversation he breaks down how he acquired stores for almost nothing, why most operators fail on capitalization and the price war, why he bets on the bud tender over discounts, and how rescheduling could bring institutional money rushing back into the industry. This is the money side of cannabis, told straight. 21+ where legal. Nothing here is legal, financial, medical, or investment advice. Listen to the full conversation and follow High Functioning.
