Marijuana Dispensary Withdraws Application for Business at 1420 S. Michigan

In case you missed this one, it appears that the proposed Marijuana Dispensary at 1420 S. Michigan - that was opposed by various groups in the neighborhood - has withdrawn their application (via Chicago Sun-Times):

A major New York-based cannabis firm announced plans Tuesday to acquire one of Chicago’s only independent dispensaries and an outstanding pot shop license owed to the current operators.

AWH, which has operations to grow and sell weed across five states, detailed the pending takeover of Midway Dispensary in Vittum Park just three days before the shop’s owners were expected to petition the Zoning Board of Appeals to open their second location in the South Loop.

However, Midway on Tuesday abruptly withdrew its application to start selling weed at 1420 S. Michigan Ave. amid news of the acquisition and stiff opposition from both community members and local Ald. Pat Dowell (3rd). The neighbors most notably complained that the proposed location was just outside a city-mandated buffer zone from Old St. Mary’s School, a Catholic elementary school.

What this means for a potential South Loop dispensary remains a question.  Will the new owners of Midway look to another location in the neighborhood?  There was another dispensary company looking at location in the Sloop - specifically the vacant retail space at 900 S. Wabash.  

It seems like it's just a matter of time until something in this industry opens their doors in the Sloop, but guess we will see.  Anyone have any other insight on this one?