Philly medical marijuana business closing its flagship store (2024)

Skip to content

Philly medical marijuana business closing its flagship store (2)


BBC Newshour

In-depth analysis and commentary on today's biggest news stories as only the BBC can deliver. BBC "Newshour" covers everything from the growth of democracy to the threat of terrorism with a fresh, clear perspective from across the globe.





Radio Schedule


  • Community
  • Business
  • Philadelphia

After the biggest cannabis shopping day of the year, the business will shutter after its landlord cut the lease short.

  • Kristen Mosbrucker-Garza
  • April 17, 2024
Philly medical marijuana business closing its flagship store (4)

From Philly and the Pa. suburbs to South Jersey and Delaware, what would you like WHYY News to cover? Let us know!

After four years in operation, Philadelphia-based Ethos Cannabis will close its flagship Center City retail location on the ground floor of the American Postal Workers House.

However, this won’t take effect until close of business on April 20, which is coincidentally 4/20 — a date synonymous with cannabis and known as the busiest day of the year for dispensaries, celebrating the popular marijuana holiday.

When it’s over, 11 employees at the retail store near 8th and Locust streets will lose their jobs, according to a Worker Adjustment and Retraining Notification Act filing.

  • WHYY thanks our sponsors — become a WHYY sponsor

The company said it was “committed to supporting our team members during this transition” and workers will be paid through May.

The business is exploring a replacement location but that might not be in Center City, said Gibran Washington, Ethos Cannabis CEO.

Related Content

Philly Councilmember Curtis Jones voted to ban adult-use marijuana. Then he walked into a cannabis conference

Advocates say most people don’t realize what it’s like inside a dispensary, citing false narratives about “drug dens.”

7 months ago

That’s because medical marijuana patients often shop close to home as opposed to convenience shoppers in a recreational adult use marijuana market, he said.

“A lot of people work in Center City but not a lot of people live there,” he said.

The decision to shutter was not due to poor sales or foot traffic but the building owner cutting short the company’s lease by several years.

“The financing that [the building owner secured] does not allow for cannabis companies in the building,” Washington said.

  • WHYY thanks our sponsors — become a WHYY sponsor

When Ethos Cannabis opened the location in January 2020, the building was operated by Berger Associates Realty. About two years later, New York-based Hudson Valley Property Group acquired the building for $120 million.

Hudson Valley Property Group declined to comment on this story through a spokesperson.

Once known as the American Postal Workers House, the affordable housing complex for seniors with nearly 300 units, is slated to undergo renovations.

The Hudson Valley Property Group’s $20 million renovation plans include energy efficiency upgrades, security cameras and retrofitted apartments. The developer is seeking 4% low-income tax credits, which is a financing program through the U.S. Department of Housing and Urban Development.

Related Content

Delaware weed stores will have the chance to offer ‘deli-style’ sales

The state’s proposed regulations only allow for pre-packaged buds, but the marijuana commissioner says dispensaries can seek a variance.

1 month ago


Medical marijuana is legal in Pennsylvania but it’s still against federal law. In 2014, HUD decided that no individual residing in its properties can consume marijuana.

“I don’t feel that we’re being evicted. I feel that we’ve come to a joint agreement,” Washington said. “It’s always a challenge to find places at least in cannabis.”

Pennsylvania law prohibits dispensaries from operating within 1,000 feet of a public, private, parochial school or day care center.

Ethos Cannabis runs dispensaries near the Northeast Philadelphia Airport and in Montgomeryville. Overall, it has 12 more dispensaries across its footprint in Pennsylvania, Ohio and Massachuestts. The company’s growing facility sits in Bucks County in the census designated place known as Fairless Hills.

Philly medical marijuana business closing its flagship store (7)

Get the WHYY app!

Stream WHYY-FM, read the top stories from WHYY News, and listen to the latest podcast from WHYY Digital Studios — anytime, anywhere.

Philly medical marijuana business closing its flagship store (8)Philly medical marijuana business closing its flagship store (9)

WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.

You may also like


Pew State of the City: Philadelphia’s workforce is more educated than ever, but poverty divide lingers

Philadelphia adults are more likely to have a college degree than the national average but less likely than some peer cities.

1 week ago



Why a business coalition wants more employers to overlook criminal records in Philly

Advocates say too much talent is sitting on the sidelines because criminal records are holding some applicants back.

3 weeks ago


In the wake of Baltimore bridge collapse, ships could be diverted to Philly

The Baltimore port is now inaccessible, meaning nearby ports need to absorb the traffic.

4 weeks ago

About Kristen Mosbrucker-Garza

Kristen Mosbrucker-Garza is WHYY News' business reporter.

Read more

Want a digest of WHYY’s programs, events & stories? Sign up for our weekly newsletter.

Philly medical marijuana business closing its flagship store (2024)


Top Articles
Latest Posts
Article information

Author: Greg Kuvalis

Last Updated:

Views: 6140

Rating: 4.4 / 5 (55 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Greg Kuvalis

Birthday: 1996-12-20

Address: 53157 Trantow Inlet, Townemouth, FL 92564-0267

Phone: +68218650356656

Job: IT Representative

Hobby: Knitting, Amateur radio, Skiing, Running, Mountain biking, Slacklining, Electronics

Introduction: My name is Greg Kuvalis, I am a witty, spotless, beautiful, charming, delightful, thankful, beautiful person who loves writing and wants to share my knowledge and understanding with you.