In a sparsely populated neighborhood in suburban Cleveland, an empty building stands in place of the former storefront and production facility for a cannabis-infused drink company forced to close in March when Ohio legislators rewrote the state laws that had once encouraged a fledgling market.
Wes Bryant, who owned 420CraftBeverages, told Straight Arrow News that laying off the 50 people he directly and indirectly employed at the beverage business "cut me to my core."
After several boom years, new legislation in states like Ohio and New Jersey, as well as new federal laws, are bringing about a bust for business owners like Bryant.
"There's just no viable path forward," he said.
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