Will West Hollywood be the next Amsterdam for cannabis lounges?

City grants 40 licenses, including some to well-known real estate players.

Los Angeles /
Dec.December 20, 2018 05:00 PM
(Credit: iStock)

Move over Amsterdam: West Hollywood is vying to be next global destination for cannabis consumption.

The city revealed a list this week of the top-scoring applicants for licenses to operate eateries, lounges and cafes where people can smoke and consume weed-infused products, WeHoVille reported.

The move could further expand the growing cannabis-related commercial real estate market.

The city granted eight licenses in each of five categories, with some applicants receiving more than one license. The new establishments will be able to open for business as early as next year. The applicants must first secure a state license within 12 months and find physical locations for their businesses.

The companies that qualified for licenses included some well-known real estate players. Jason Illoulian, who operates Faring, a progressive development company, is also the co-owner of Calma, which qualified for a recreational and delivery license. Faring won approval in June to incorporate a historic gay nightclub into a nine-story hotel in West Hollywood.

The move by West Hollywood to bless the new establishments, coming just two years after California legalized cannabis, could transform the city into one of the pot-lounge capitals of the world. There are currently only nine consumption lounges in the country, according to Curbed: seven in San Francisco, one in Oakland, and one in Denver. The new cannabis businesses could put West Hollywood on par with Amsterdam, Netherlands, for cannabis tourism.

Also qualifying was business owner Soheil Yamini’s Greenwolf, of which he is a co-owner. The “all-inclusive mecca” for cannabis consumption will be located at 8535-8537 Sunset Blvd. It qualified for four licenses, including a delivery license. Yamini is the owner of Pink Dot, a nearby late night market on Sunset.

Brian Robinson’s PleasureMed also won four licenses to operate a cannabis business at 7715 Santa Monica Blvd., adjacent to Pleasure Chest, an adult entertainment retailer he owns.

The Artist Tree, owned by Avi Kahan and Mitchell Kahan, was the only applicant to qualify for licenses in all five categories, which include recreational sales, medical sales, cannabis delivery, operation of a cannabis lounge offering edible products, and operation of a lounge where cannabis smoking and vaping is permitted and edible products can be consumed. The brothers already control two other dispensaries in Los Angeles and North Hollywood. [WeHoVille] — Alexei Barrionuevo


Related Articles

arrow_forward_ios
The Boyd Street fire in May, 2020 (Getty)
LA fire captain sues building, vape shop owners over May 2020 explosion in downtown
LA fire captain sues building, vape shop owners over May 2020 explosion in downtown
The Witkoff Group CEO Steve Witkoff and The West Hollywood Edition
Witkoff gets $228M refi for West Hollywood Edition hotel
Witkoff gets $228M refi for West Hollywood Edition hotel
The penthouse takes up the entire top floor of The Sierra Towers building (Compass, Metropoulos & Co)
Evan Metropoulos takes big loss on WeHo full-floor penthouse
Evan Metropoulos takes big loss on WeHo full-floor penthouse
A U.S. District judge sentenced Patrick Joseph Soria to 12 years in prison (Getty)
“Skillful con man” sentenced for defrauding 2K homeowners
“Skillful con man” sentenced for defrauding 2K homeowners
2 condo sales at Pendry West Hollywood break records
2 condo sales at West Hollywood complex break records
2 condo sales at West Hollywood complex break records
Witkoff Group CEO Steve Witkoff, Simon and David Reuben and The West Hollywood Edition (Getty, Witkoff)
Reuben brothers look to foreclose on Witkoff’s West Hollywood Edition
Reuben brothers look to foreclose on Witkoff’s West Hollywood Edition
9900 Beverly (Binyan Studios)
Angelo Gordon JV lands $231M inventory loan on luxury condo project
Angelo Gordon JV lands $231M inventory loan on luxury condo project
Photo Illustration of California Governor Gavin Newsom (Getty)
State approves $100M to boost marijuana retailers
State approves $100M to boost marijuana retailers
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...