Sioux Falls medical marijuana dispensary capped at 5, cultivation off limitsPosted by On


Medical marijuana retail licenses will be a hot commodity in Sioux Falls.

The Sioux Falls City Council Tuesday night signed off on a proposal coming from Mayor Paul TenHaken’s office that will cap the number of retail stores that can operate in the city at five. And though councilors halved the $100,000 license fee that City Hall wanted, another late change allowing the sale of the licenses on the secondary market is expected to drive the value of a license up even hirer.

“The Sioux Falls City Council, by making a license worth $50,000 and transferrable, has just made dispensary licenses into liquor licenses,” said Drew Duncan, a Sioux Falls attorney and lobbyist for clients in South Dakota’s gambling and alcohol industry, via social media following the 7-1 vote.

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Medical marijuana retail licenses will be a hot commodity in Sioux Falls.

The Sioux Falls City Council Tuesday night signed off on a proposal coming from Mayor Paul TenHaken’s office that will cap the number of retail stores that can operate in the city at five. And though councilors halved the $100,000 license fee that City Hall wanted, another late change allowing the sale of the licenses on the secondary market is expected to drive the value of a license up even hirer.

“The Sioux Falls City Council, by making a license worth $50,000 and transferrable, has just made dispensary licenses into liquor licenses,” said Drew Duncan, a Sioux Falls attorney and lobbyist for clients in South Dakota’s gambling and alcohol industry, via social media following the 7-1 vote.



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