Category: dispensaries

Closed Retail Stores Could Become Cannabis Dispensaries and Growing Facilities Nationwide

As the legal cannabis industry continues to expand, so does the demand for niche markets within the sector. One of those demands is the increasing amount of space that is needed for cultivation and processing facilities, and also retail space for dispensary locations. With the rise of extremely popular online shopping experiences such as Amazon, more and more shopping malls are closing their doors due to bankruptcy. Because of this, mall owners often use alternative methods to find tenants. One such example of this is currently occurring in Copper Country Mall in Houghton, Michigan. According to M-Live.com, the mall’s...

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Study Finds that Closing Dispensaries May Actually Cause an Increase in Crime Rates

AP In 2010, there was a mass shut down of dispensaries in the Los Angeles area. There was a total of 439 dispensaries closed because they were no longer compliant with the city’s regulations once they changed. While prohibitionists would have you believe that having dispensaries in the area will increase the crime rate, a recent study published in the Journal of Urban Economics says quite the opposite. “[W]e find no evidence that closures decreased crime,” authors wrote. “Instead, we find a significant relative increase in crime around closed dispensaries.” Specifically, researchers estimated that “an open dispensary provides over...

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