Lantern, a cannabis delivery technology company based in Massachusetts, is winding down its business by the end of January, resulting in layoffs for its entire team. The company grew to account for over half of the cannabis delivery market in Massachusetts, but faced challenges expanding beyond the state due to slow legalization and complex regulatory frameworks in key markets like New York. Lantern's closure reflects broader industry difficulties for ancillary cannabis tech companies, despite its success in facilitating early legal adult-use deliveries and advocating for social equity policies in the cannabis sector.
