Mad River Terps LLC cultivator license deactivated in Vermont
Vermont cannabis cultivator Mad River Terps LLC joins at least 11 other licensees deactivated this month, signaling sustained market churn.
FILE — closure · Ivan Radic / CC BY 2.0Mad River Terps LLC, a Vermont cultivator licensed as SCLT0086, is no longer active according to the state license roster. The deactivation was reported August 29, adding to a notably active closure cycle: at least 11 other Vermont cannabis businesses—spanning cultivation, retail, extraction, and manufacturing—have had licenses inactivated since August 17.
Vermont maintains 286 active cultivation licenses and 105 retail outlets despite the recent removals. Monthly sales have remained stable in the $12.8–$13.3 million range from January through June 2026, suggesting the closures have not yet materially impacted overall market volume. The pattern of August deactivations warrants monitoring to determine whether they reflect regulatory enforcement, voluntary surrenders, or seasonal business cycles.