8/18/2023 0 Comments Moca ascend logan![]() ![]() “It is easier than navigating downtown,” Derry said. So that's good.”ĭerry, a medicinal customer who left the dispensary with a two week’s supply of flour and pre-rolls, said it is a more convenient location for him that Ascend’s downtown dispensary, 628 E. When you're spending money somewhere, you like to have that personable service. “The staff is good, everybody's bending over backwards to help you, that's always good. “I think it's a nice place,” said Jeff Derry, 54, of Springfield. The early reviews from customers were positive. “But again, for those folks that do want to be in and now we offer that accommodation as well.” ![]() “So they have the opportunity to really browse the dispensary floor, talk with budtenders, ask questions and just get the experience of a dispensary rather than where you're quickly in and out of it,” said manager Emma Ross. Medical patients still will be able to utilize the facility, but they will have to pay the significantly-higher recreational tax rate.ĭispensary officials said Thursday that customers can expect the feel of a traditional retail shopping experience as they navigate the 3,000-square-foot dispensary floor of the new location. The dispensary, operating under the Ascend brand, is the third Springfield area location that sells recreational marijuana but the first without the medicinal component. The opening comes more than a year after New York-based Ascend Wellness purchased the 6,228-square-foot building, a converted former Outback Steakhouse and 10 months after the legalization of recreational marijuana took effect across the state. Cannabis dispensaries in Illinois have spawned over $300 million in recreational cannabis sales this year, as well collected $52 million in tax revenue within the first six months of operation.As cars and trucks whisked past on nearby Interstate 55, the ribbon was officially cut on Springfield’s first recreational-only marijuana dispensary Thursday morning. These states are yet to legalize recreational cannabis but are hoping for decriminalization as the elections quickly approach voters and investors. The United States is currently preparing to issue 75 more recreational dispensary licenses very soon and cannabis operators are already planning to serve consumers in neighboring states such as Missouri, Wisconsin, Iowa, Kentucky and Indiana. Investors should note that Illinois’ cannabis market force will likely skyrocket in the next year according to industry professionals. MOCA has been a leading player in the Chicago market, and we are excited to pair it with our Illinois Supply & Provisions (IS&P) dispensaries which include our top-performing retail outlet in the state in Collinsville.” ![]() Furthermore, AWH will carry on with operating River North and Logan Square retail spaces that are currently under the MOCA brand.ĪWH Founder, Abner Kurtin told Forbes that, “We are pleased to enter the third largest city in the United States through our pending purchase of Modern Cannabis. Upon acquisition approved by the Illinois Department of Financial and Professional Regulation, AWH is reported to operate in Illinois’ largest cannabis market and hold six retail licenses in the state. The company further states that they are focused on “limited license and near-term adult-use markets on the East Coast, and are committed to being a top tier, leading player in our states by going deep – not wide.” AWH is a discerning multi-state operator (MSOs) and has recently announced that it has filed a definitive agreement to purchase Modern Cannabis (MOCA) dispensaries–– Chicago’s first and oldest legal cannabis retailers that came started business online in 2016. Ascend Wellness Holdings (AWH) is a “market-leading vertically integrated scale operator” with assets in Michigan, Illinois, Massachusetts, and Ohio. The cannabis market has turned out to be one of the most advantageous markets in the cannabis markets industry in the United States. As the race to “decriminalize nature” and legalize cannabis continues for the approaching 2020 presidential elections in the United States, many psychedelic-based companies are entering mergers and acquisitions to maximize gains and promise prosperity to their investors. ![]()
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