This is interesting for the fact of watching a black market item go to retail and the expectations of "street" price versus actual market price might have been just too high.

There will certainly be a niche market for gourmet, organic, homegrown and cared for buds, but for the remainder of products: oils, waxes, edibles, infusions - you are not going to notice the difference between a small business and a larger growing operation except on price.

It seems rather obvious when you think about it though. I would compare cannabis to produce rather than beer/wine/spirits, in the sense that your small growers are going to have a tough time competing with giant farm operations, and will really have to differentiate themselves in specific ways to actually make it worth while.