By Steve Elliott
It was bound to happen, and now it has: The first of a planned national chain of medical marijuana dispensaries has opened. The very first Kaya Shack opened Thursday morning in Portland, Oregon, and began sales to licensed medical marijuana cardholders.
The Kaya Shack dispensary opened at 10 a.m. in a 1,000-square-foot storefront near Southeast 17th Avenue and Hawthorne Boulevard. As required by Oregon law, the company has a state resident responsible for the dispensary.
The planned Kaya Shack chain is owned by the Florida-based Alternative Fuels Americas, Inc. (AFAI) majority owned subsidiary Marijuana Holdings Americas, Inc. Marijuana Holdings Americas is one of only a handful of out-of-state companies that have ventured into Oregon's medical marijuana market in the past 16 years, since voters approved medicinal cannabis at the polls in 1998.
"Our analysis showed that Oregon was the next state of any significance," CEO Craig Frank told the Portland Tribune's Kevin Harden in May. "So we focused on Oregon."
The opening places AFAI as the first publicly traded company in the United States to own a majority interest in a marijuana dispensary conducting legal sales of cannabis, according to the company.
"We are very excited to be opening the first Kaya Shack," said Frank. "We believe our brand is unique and inviting, and out staff is well trained to provide a friendly and knowledgeable consumer experience."