Philadelphia’s Newest Medical Marijuana Dispensary Comes to Callowhill
August 29, 2019 [Philadelphia, PA] – Colliers International congratulates Beyond/Hello for the expansion of its Philadelphia operations with the grand opening of its second medical marijuana dispensary this week at 475 N. 5th Street in the Callowhill neighborhood of Philadelphia.
Elizabeth Morrow, Senior Vice President with Colliers and Michael Barmash, Senior Managing Director with Colliers, represented the property owner, a private investor, in securing this tenant.
Philadelphia has very few dispensaries due to the stringent requirements in the law and the restrictions on developing such a business throughout Philadelphia. Pennsylvania's Medical Marijuana Program makes medical marijuana accessible to patients who are residents of the state, and under a practitioner’s care for the treatment one of the qualified serious medical conditions listed in the law. According to the state’s medical marijuana locator there are now six dispensaries open within the city limits.
Beyond/Hello’s first Center City location opened earlier this year at 12th and Sansom Streets.
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.