Medical marijuana loses foothold to recreational industry

Medical marijuana loses foothold to recreational industry

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Buy Now Owner Sam Elkington, who said he plans to switch from a medical marijuana dispensary to a recreational model, owns Track Town Collective in Springfield. The rise of recreational marijuana since Oregon voters legalized it has dramatically changed the economic landscape for cannabis statewide. Brian Davies/The Register-Guard, via Associated Press EUGENE — A medical marijuana card used to be the key to buying and possessing pot in Oregon. But the rise of recreational marijuana is making the cards primarily valuable only as a discount card, and not a necessity to buy, said Sam Elkington, owner of Track Town Collective in Glenwood. The card exempts the buyer from Oregon’s state and local pot taxes, which are levied on recreational pot. Daily sales at medical pot dispensaries — once cutting-edge hubs for the marijuana industry — have plummeted as a result. "Medical-only is smaller than small," Elkington said of the dispensary niche. On Monday at Track Town, customers had bought just $58 worth of pot products by midafternoon, reinforcing why Elkington so far has been able to employ only himself at the store. Elkington’s little green pot shop draws about three medical marijuana customers a day. Another 15 to 20 potential customers come in asking for recreational pot, but he can’t sell to them — yet. The rapid growth and evolution of the marijuana marketplace in Oregon is prompting Elkington to apply with the Oregon Liquor Control Commission to become a recreational pot shop. He plans to let his status as a medical pot dispensary with the Oregon Health Authority lapse in March. He’s not alone in going recreational. Medical marijuana cardholders these days can get their pot either at a medical pot store or at a recreational one. That has put medical marijuana stores in an increasingly untenable financial […]

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