Alex de Man was reviewing her notes. She and her business partner, Chip Moore, had come to a meeting of the West Oakland Neighbors to share plans for expanding their cannabis delivery service, 4&20 Blackbirds, into a cannabis culture center.
But before it was their turn, Bob Huff, a manager for a local developer, was speaking about an apartment building currently under construction. He was asked how much the new units would cost.
“It’s too far out to estimate what the market will be like,” he responded. “But I can tell you a recently finished development is at about,” then Huff paused to think.
“350,” Moore whispered without hesitation.
A second later, Huff said, “300 to 350 dollars per square foot.”
Chip smiled and said, “See, that’s how long I’ve been looking for a building.”
It’s been two years since Moore, 4&20’s CEO, began his search for a property that will suit the needs of the operation—and he’s finally a few weeks away from closing the deal.
He, de Man, and the other co-owners of 4&20 plan to convert a 45-year-old building in West Oakland’s industrial district into a place where medicinal cannabis patients and adult-use consumers can buy, consume, and learn about pot in a relaxing and enjoyable environment. A place where cannabis culture can be preserved; where at least half of all employees live in the neighborhood; and where community improvement is the number one goal.
When it was their turn to present to the West Oakland Neighbors, de Man began by saying that 4&20 is women, minority, and immigrant-owned and is…
click here to read more.