You are here
Home 🌿 Recreational Marijuana News 🌿 Medical marijuana dispensaries struggle while recreational marijuana takes off 🌿Medical marijuana dispensaries struggle while recreational marijuana takes off
Donald Morse looked at a former coffee shop in Oregon City when he was planning to open his medical marijuana dispensary. The rent was $3,500 and Clackamas County officials had at the time placed a moratorium on the sale of medical marijuana inside county limits.
Morse passed, deciding he'd rather have a more stable business location.
A year later, he noticed the spot was on the market again. For the rights to the lease and a medical marijuana retail license, the seller wanted $1.2 million. The price sounded absurdly high.
Morse, the director of the Oregon Cannabis Business council, said there seems to be a widespread expectation of making millions off Oregon's newly legalized marijuana market. But that gold-rush mentality is part of what's actually leading medical marijuana dispensaries to close faster than ever.
Some dispensary owners had hoped October 1, the day recreational marijuana sales became legal in Oregon,...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin