1958, LLC license deactivated in Vermont amid wave of operator churn
Vermont cannabis market shows rapid licensing turnover as five operators lost active status on July 31, even as new cultivation and manufacturing licenses issued days prior.
FILE — closure · Ivan Radic / CC BY 2.0According to the Vermont state license roster, 1958, LLC's cannabis license is no longer active as of July 31. The deactivation is part of a broader churn in the state's operator base: five licenses were simultaneously deactivated on that date, including Terpslurper Farms, Stillmore Farms LLC, Backwoods Farm LLC, Birdseye Botanicals, and Rebel East VT LLC.
The closures arrive just days after Vermont issued four new cultivation and manufacturing licenses on July 30, suggesting rapid licensee transitions rather than net shrinkage. Vermont maintains 317 active cultivation operators, 93 manufacturers, and 111 retail locations, with monthly sales averaging roughly $13 million.
Worth monitoring: whether the pattern of short-lived licenses reflects operational challenges specific to Vermont's market—where retail prices reportedly run double those in Massachusetts—or routine licensing compliance cycles. Recent deactivations of operators granted licenses just days prior (All Bliss Cannabis, Rhize Cannabis Company) warrant closer examination.