With limited customers comes limited chances of profit. His deductive reasoning for such a low rate is the three major healthcare systems in South Dakota - Sanford Health, Avera, and Monument - err on the conservative side in instructing their physicians on the baselines for approving a patient’s medical cannabis application. Olson estimated the odds are currently 1 in 15 for anyone who applies for their medical cannabis license. Reistroffer said that there are nearly 12,000 approved patients in South Dakota while an “upward of 50,000 have various medical needs” that would make them eligible. To even be allowed into medical cannabis dispensaries, let alone purchase products, potential customers must have a medical practitioner examine their need for the medicine, then be approved by the state. Recreational marijuana is not legal in South Dakota, so only medical cannabis dispensaries exist. That, both Olson and Reistroffer said, is because of the lack of available customers. It’s a very large investment, and, really, right now, given the market with the number of patients and number of dispensaries, the economics don’t add up at all.” “I just truly don’t feel that the need is really there for another dispensary. “There’s definitely not the money everybody thinks there is in the medical marijuana market,” Olson said. Five are already up and running - Rapid City, Aberdeen, Yankton, and a store near the I-229 Minnesota exit in Sioux Falls. Three are in construction and are “about to open” in Pierre, Mitchell, and Huron. Genesis Farms has eight dispensaries across the state. We ultimately had to work on other projects this last year, and I regret that we couldn’t move forward in Minnehaha County, but at the end of the day, I think it allows us to stay fully focused on our mission at other locations.” “I’ve seen work get done at a lot of other places, but you can ask anyone who’s developing and working on other projects right now that it is really hard to get contractors lined up and available. “Anybody who knows that building that we were looking at knows there’s a lot of work that has to be done,” Reistroffer told Dakota News Now on Wednesday. 15, Chief Operating Officer Emmett Reistroffer cited “circumstances beyond our control, such as the adjacent highway redesign, engineer and contractor delays/lack of availability, and potential annexation into the City of Sioux Falls” as reasons Genesis Farms would be “unable to proceed with buildout and thus not able to become operational.” Liberty also owns cannabis dispensaries in Massachusetts, Maryland, Pennsylvania and Southern California.In his letter informing Minnehaha County Commissioners on Sept. Timothy Omi, director of operations for Liberty SF, said it will be “a different type of cannabis dispensary focused on cannabis education and customer well-being.” He characterized its priorities as “hugs over haggling.” Both conditions were approved as part of the permit. Hayes asked the commission to prohibit on-site consumption and to ban customer parking at the back of the building on Wilmot Alley. Only one - Christopher Hayes, who lives nearby on Wilmot Alley - spoke when the issue finally came up at the bottom of the agenda more than seven hours after the meeting began. The commission heard from 12 neighbors who supported the permit and seven who were opposed. The church sold its longtime home for $5 million earlier this year. On December 12, the Planning Commission unanimously approved Liberty’s application for a conditional use permit to open a retail dispensary just west of Fillmore at 2222 Bush Street, formerly the home of Unity Church. LIBERTY SAN FRANCISCO has been granted a permit to open the neighborhood’s first cannabis dispensary. Liberty Cannabis Dispensary will replace Unity Church at 2222 Bush Street.
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