Dec. 6, 2021
Behind the scenes and before the lottery that determined who was first in line to open a medical cannabis dispensary in Sioux Falls, there was a massive site search.
Commercial real estate brokers spent untold numbers of hours responding to inquiries about properties, realizing that most deals would never materialize as the city limited dispensary locations to five qualifying applicants.
“For two straight months at least, there were multiple buyers and tenants in the market looking for space and different out-of-state brokers calling,” said Raquel Blount of Lloyd Cos., who fielded dozens, if not hundreds, of those inquiries.
“Anyone who wanted to be in the business had several people trying to track down locations, so it really was unprecedented.”
Locations can’t be 1,000 feet from schools or other dispensaries. If there’s another sensitive use between 500 and 1,000 feet such as residential development, schools, child care centers, public use facilities or parks, the city can require a conditional use permit.
In some cases, other circumstances prohibited locations from being submitted.
Of Ryan Tysdal’s listings, the ones that would have qualified under city and state guidelines were ruled out by “covenants that restrict it within the development,” said