Can Dying Malls Become the New Homes for Cannabis Retail Centers?

CANNANNEW REPORT

Cannabis retail centers are an emerging trend in communities across the country. The idea is to turn older buildings – often a dying mall – into a commercial center where people can shop for CBD and other cannabis products, as well as learn about their benefits. The conversion of unused buildings into cannabis-related business has quietly been taking place across the country. For example, a developer hopes to turn a former police academy building in Flint, Mich., into a cannabis grow house. The city sold the property to the developer for $500,000 in May 2021. But malls, which face tough economic times in many parts of the country, stand to benefit the most. That’s especially true in light of the fact that CBD products are legal across the country, allowing any mall, anywhere, to convert to a CBD business. A New York development company is hoping to make that happen in locations across the country, including an unused and condemned mall in Adrian, Mich. The plans call for a cannabis retail center that offers a wide variety of services, including CBD and cannabis products, foods, spas and educational services. “We intend to sell an experience for the consumer,” Raphael Dangelis, a developer with WeedXProject in New York, told the Daily Telegram in Adrian, Mich. He said the company is focusing its efforts on creating cannabis retail centers in communities with dying malls or “dated” malls. Cannabis Retail Center Potential for Michigan Town The proposal under consideration in Adrian provides an example of both the potential and the roadblocks for the idea of creating cannabis retail centers in dying malls. Adrian is located about 60 miles southwest of Detroit and only about 30 miles northwest of Toledo, Ohio. Both recreational and medical marijuana are legal in Michigan, while medical marijuana is…

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