I'm no Lane #1 expert, but.....................

 Many people who loved and used them were from the era when Lane #1 was a Brunswick poured product using Brunswick covers.

 When that came to an end, Lane #1 went over to Columbia300 covers. The nature of the ball reaction seemed to change, and some didn't like them as well as before, so they went elsewhere.

 Then, Lane #1 came out with some balls that just didn't seem to hit the mark. Shortly after that period, Columbia300 got bought out by Ebonite, and the Lane #1  relation with Columbia300 came to an end.

 Looking to another ball manufacturer, Lane #1 ended up being poured by 900Global in the old Columbia300 plant in San Antonio, Tx.  But, as luck would have it, 900Global started having some cover issues right about then, and got a reputation for their covers cracking.

 Lots of people did not want to pay a premium price for a Lane #1 ball being poured by a company using the same covers on their stuff that was priced about 1/2 as much as the Lane #1 stuff.  Afterall, why pay $275 for a ball with about the same cover as a different ball you could get for $150?

 Lane #1 lost a lot of their market share in all of this I think.  The last ball they came out with, they priced at $309, and I'm pretty sure that did exactly ZERO to help them get any marketshare back.

 As far as anybody knows, the last thing Richie said was that Lane #1 was fine, but nothing has come out in a while, and there were rumors for a while that he was looking around for a buyer.

 He denied those rumors, but I haven't heard anything much since then.

Lane 1 was always something of a niche company. Those that liked them, REALLY liked them and were very loyal in their following. At the same time, there were always those who never believed the extra cost was justified. In the end, as Juggernaut said, many of the loyal followers, myself included, left after Brunswick stopped pouring for them. For whatever reason, the balls just didn't seem as good after that.

personally  they got away from what took them to those heights  granted the move to another  coverstock was a big part but there are other things that took people like myself away, people who sold a ton of balls that kind of got hung out, I didnt lose anything but at the end of the day didnt like what took place  a lot of factors lead to where they are now.  got mad respect for Richie but............................I'll just leave it at that

Richie tried to sell to the big brands recently, but nobody was interested. My understanding he is now looking for someone to pour for him... Richie is very confident in his product, sometimes to a fault. The price has never warranted the ball ability..

Lane #1 used to sell Bean's Secret Sauce.  Who does now?

Beans sold or leased the product or the rights to make and sell the product to Lane#1. As far as I know, they still have it. You'd have to query them about it unless someone else here knows.