When Jesce Horton began looking for his first warehouse to cultivate cannabis in Oregon’s regulated market, landlords for Portland properties routinely charged marijuana companies three to eight times as much per square foot as their mainstream counterparts.
“We were in a really unfavorable lease, one that we were excited to have,” Horton told MJBizMagazine of Lowd’s entry into the regulated marijuana market.
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In order to secure a lease on the property, Lowd prepaid a large portion of the rent, only to lose the lease because of some fine-print zoning issues. The story was a common one in the early days of regulated marijuana, Horton said.
Onward and upward
Today, the craft cannabis producer is operating out of its longtime headquarters while building out a new campus about 5 miles from downtown Portland.
Lowd first signed a purchase agreement for the new location, formerly an auto-wrecking facility,
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