Despite the Region’s ‘Green Rush,’ One Thing Keeps Marijuana Business from Being Profitable

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Image of a Center City dispensary via John George, Philadelphia Business Journal.

The “Green Rush” in the Philadelphia area is about to accelerate with the introduction of eight new medical marijuana dispensaries and the first local grower/processor facility opening in Chester by West Chester-based Agri-Kind, writes John George for the Philadelphia Business Journal.

Despite the growth, though, profit is still not in the equation for local entrepreneurs.

“People are not making money on this yet,” said Chris Visco, president and co-owner of TerraVida Holistic Centers, which has a dispensary in Malvern. “What everybody is banking on is adult recreational use becoming legal.”

Another source of frustration for dispensary operators is the computer system from the Health Department that tracks inventory and sales. It constantly crashes, leaving patients without medicine and forcing dispensaries to close for the day.

Still, the numbers show that the medical marijuana program is doing as intended: helping patients. Currently, around 83,000 Pennsylvanians have already received medical marijuana.

“Patients are realizing the benefits, and there has been steady, positive progress,” said Gov. Tom Wolf.

Read more about the growth of the medical marijuana business in the Philadelphia Business Journal here.

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