On paper, the idea seems sound: Customers spending time and gobs of money at a welcoming and exciting place to congregate that’s centered around cannabis instead of alcohol.
But as illustrated by the recent closure of Las Vegas’ first marijuana consumption lounge after just a year in business, market conditions and onerous regulations mean it’s still challenging for cannabis social spaces to turn a profit, industry observers told MJBizDaily.
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Though entrepreneurs nationwide are still willing to jump into the lounge act, some experts caution that the open-and-shut case at Thrive Cannabis Marketplace’s Smoke and Mirrors consumption lounge in Las Vegas should serve as a warning.
“For years, lounges have always been talked about as some kind of game change for dispensaries, but it
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