RetailUS

Lantern Layoffs

January 2023

Lantern announced a layoff affecting 0 employees (100% of its workforce) in January 2023. The company operates in the Retail sector.

People Affected

Percentage

100%

Announced Date

Jan 6, 2023

About

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.