Best practices for handling a lot of information in a single cell in a data table

Im designing a data table in which one of the columns has the potential to hold a lot of information in each cell. Here's a screenshot from the live app as it exists today: The column with red outlines called "Access Level" has the potential to hold all of the agencies a user has access to, and that can quickly become a lot. We didn't anticipate this many items being in cells in that column, and since we didn't plan for it, it looks like the above, i.e. terrible.

Here are a couple things I've tried to solve the issue & make the column more scannable.

1.) Separate each agency name with a bullet point

2.) Break the line at each agency name:

3.) Break the line at each agency name & create pagination within each table cell with more than 2 agencies via "Show More" link:

I'm sure there are solutions I haven't thought of as well. If you know which of these options is best or have a better solution, please let me know!