The MaryJane Group Puts CannaCamp on Hold

The opening of a 170-acre cannabis resort in Colorado has come to a halt as its proprietors must now seek a new location.

The MaryJane Group (OTCQB: MJMJ), a hospitality management company based in Colorado, had announced earlier this summer that it would be opening an all-inclusive getaway in Durango, Colorado, for adults who enjoy cannabis. On July 3, 2015, the MaryJane Group announced that CannaCamp, a “bud and breakfast” mountain resort, is now exploring options to bring the CannaCamp concept to life elsewhere in Colorado for summer 2016, while continuing to explore additional locations for expansion.

According to The Durango Herald, The MaryJane Group had formed a joint venture with Silverton, Colorado, resident Vanessa Roberts to establish CannaCamp on the ranch her in-laws had owned for more than 45 years. However, the ranch was recently sold and the new owners are not interested in leasing the land to be used for the CannaCamp concept.

“I’m disappointed beyond words that the originally planned CannaCamp Bud+Breakfast location did not work out to our standards,” said Joel Schneider, CEO of The MaryJane Group, in a statement. “We’ve dedicated enormous amounts of time, resources and money to the CannaCamp Bud+Breakfast concept; but, sadly, our land partners failed to secure the 170-acre ranch in Durango we had been promised. We’ve decided the best decision to maintain the integrity of the Bud+Breakfast brand is to discontinue our partnership with that land partner and continue with our own expansion.”

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