The legendary Los Angeles record store currently sits on Sunset Blvd. It’s been in that location since it opened back in 2001. But the current location’s lease is up early next year, so Marc Weinstein and Dave Prinz, who both co-own the store, are seeking a new building. Additionally, they’re trying to secure a marijuana dispensary permit for the forthcoming new location.
The record store was sold for $34 million back in 2015 to a holding company that had an association with GPI Companies. Accordingly, GPI is planning a more lucrative high-rise on the current Amoeba location.
University California graduated its students on May 10th. That same day, Amoeba’s Berkeley branch opened its marijuana dispensary called Hi-Fidelity. Hi-Fidelity is focused on customer service, with an emphasis on environmentally correct products that are independently grown.
“We always favor the small business over the corporate entity,” Weinstein told Variety, who first tipped the story. “We’ve already seen it by helping each other.”
Weinstein says that the company will “be diligent” in acquiring the proper marijuana dispensary permits for Los Angeles as soon as it moves into its new location. Weinstein and Prinz add that obtaining a permit would’ve been much easier to do in West Hollywood. They looked at multiple locations there. B ut they ultimately decided that their loyalty to the Hollywood area far outweighed moving to West Hollywood.
Once upon a time, the growth music streaming seemed to spell the death physical products. Instead, vinyl and CDs have actually made a huge comeback in recent years. And the streaming boom has actually aided in Amoeba Music’s recent successes.
“Some people take advantage all the homework they can do in today’s advanced technology, and then go out and buy a physical copy,” Weinstein continued. “Each format presents a different listening experience.”