MT medical marijuana businesses closing shop and taking product to the black market
In Montana, even though a new law severely restricting medical marijuana won’t take effect until July 1, the repercussions are already being felt as businesses are closing, often in the middle of the night and leaving vacant properties and unfulfilled leases from one end of the state to the next.
As one real estate professional noted, the marijuana shops are getting out with the one thing they have of any value–marijuana–and probably taking it to the street.
Montana medical marijuana businesses are preparing to pack up shop in the likelihood the Montana Medical Marijuana Act becomes law.
It would require all businesses to close by July 1 in a complete repeal of the current law. While some shops are still clinging to a spark of hope, one growing operation already took its plants and ran.
“Obviously the only money is in the plants,” Prudential Montana real estate broker Jake Booher said. “They’re gonna take ‘em with ‘em and they’re probably just gonna sell ‘em on the black market.”