Big marijuana firms are ‘rolling up’ local dispensaries and growers, skirting Pennsylvania’s laws
“This is a land grab, and there are a discrete number of prime license opportunities,” Steve White, CEO of Harvest Health, said in the April call with investors, referring to state permits to grow and sell marijuana.
White sees the cannabis market as “oligopolistic” — one where a handful of companies control production and sales. Such a market would make it harder for smaller businesses to compete, and potentially would keep prices artificially high.