With the recent legalization of cannabis, you’re probably wondering if you should consider opening a dispensary. For a variety of reasons, many people are curious about this business model. Here are a few things you’ll want to consider.
Uptown And West Town Locations
If you live in the West Town neighborhood of Chicago, you’ll likely be interested to hear that one of the largest weed dispensaries in the city is planning to open a second store there. The West Town location of Dispensary 33 will be twice as big as the Uptown location. It will also feature a conference room, storage, and a large employee area.
Dispensary 33 first opened as a medical facility in 2015. Since then it has been gaining legions of loyal fans. Now the store is set to start selling recreational marijuana.
Earlier this year, the company applied for a special use permit. That permit allows it to sell a variety of products. This includes a large counter for selling edible products. Several strains of marijuana will be available to customers when the store opens.
Owners
The owners of Chicago’s first medical marijuana dispensary, Dispensary 33, are selling two locations to Miami-based Ayr Wellness. They will receive an upfront payment of approximately $55 million in cash and stock. And they will keep a minority stake in five other cannabis companies.
Zises said he sold Dispensary 33 to Ayr after finding a company that “matches our values,” and he believes the future for mom-and-pop weed shops in the city is bright. After the sale, the former owners will help the new owners with hiring and technical support.
Zises said he will use the money from the sale to launch several start-up companies. He expects the team at Dispensary 33 to operate the stores for at least six months after the deal closes. But he said they won’t be able to guarantee the success of the venture.
Products Offered
Dispensary 33 is a medical marijuana dispensary that provides a wide variety of high-quality products. The products it carries are not only high quality, but they are also affordable. In fact, it carries edibles that are among the most affordable of their kind.
Dispensary 33 operates two licensed retail dispensaries. They are located in Chicago’s West Loop and Andersonville. Both of the locations are on busy roads. Unlike many other dispensaries, the owners of Dispensary 33 make it a point to offer quality customer service.
Not only does Dispensary 33 boast about its products, it also has a staff of dedicated agents. These individuals are knowledgeable about cannabis and will assist patients in determining the right starting points for medical marijuana medication. They are also adept at tracking the progress of each patient’s medical marijuana product.
Terms of The Deal
Dispensary 33 is selling two of its Chicago stores to Miami-based multi-state operator Ayr Wellness. The deal is a coup de grace for the West Loop-based company, which grew to become one of the most prominent pot firms in the city.
Dispensary 33 opened its first medical dispensary in December 2015. It then expanded its business to include recreational weed last year. In January, the company recorded its first legal sale of the state’s new drug.
But now, the real question is what happens next? How will Dispensary 33 evolve? This is a question that can be answered by a number of factors. One of the biggest factors is that the company has recently acquired two more storefronts in its flagship location. Another is that the business is known for its excellent service.
Plans to Expand Into Neighboring Storefronts
Dispensary 33, the first medical and recreational marijuana dispensary in Chicago, is planning a second location in the West Loop. It filed a request for a zoning change in May to take over a portion of a former Hot G Dog joint on North Clark Street. The new expansion would increase the store’s footprint by more than three-fourths.
The West Loop is a neighborhood of bars, auto repair shops, and restaurants, and the new Dispensary 33 location would be near Jenny’s Nail Salon and SoFo Tap. There are concerns about the Dispensary’s expansion and the impact it could have on nearby residents.
The city of Chicago has tight regulations on medical and recreational marijuana dispensaries. They must have security inside and outside their stores. Dispensaries must also have a minimum amount of lighting. If they do not, they can be banned altogether. And they have to have the plan to keep their street clear of weed and pot paraphernalia.