ANDERSONVILLE — A Florida-based cannabis company is buying Dispensary 33, ending a run of local ownership for Chicago’s only independent pot shop.
Ayr Wellness announced Monday it has reached a deal to buy Dispensary 33’s two Chicago dispensaries for $55 million. The acquisition is part of Miami-based Ayr’s rapid expansion in Illinois, where recreational cannabis was legalized in 2020.
Ayr, which operates cannabis grow facilities and dispensaries in multiple states, has also purchased two dispensaries in downstate Quincy and has plans to open a shop in Bloomington, the company said in a release. The Sun-Times first reported the news of Dispensary 33’s sale.
The purchase of Dispensary 33 gives Ayr “presence in two of Chicago’s most desirable neighborhoods,” Andersonville and the West Loop, company CEO Jonathan Sandelman said in a statement.
“In any market where we operate, our goal is to develop scale and meaningful presence,” Sandelman said. “We will continue to seek opportunities to expand in Illinois.”
Credit: Joe Ward/Block Club ChicagoDispensary33 at 5001 N. Clark St. in Andersonville.
Before the sale, the Andersonville-based cannabis company was the last remaining dispensary with independent ownership after Rogers Park’s Green Gate Chicago was acquired by pot giant Verano earlier this year.