Barneys wants in on cannabis.
Barneys New York Inc., the closely held chain of upscale specialty stores, is partnering with the Los Angeles pot brand Beboe to open what it calls a “luxury cannabis and wellness concept shop” on the fifth floor of its Beverly Hills store.
Dubbed “The High End,” the shop will sell marijuana accessories including rolling papers, pipes, ash trays, bongs and storage boxes. Since Barneys isn’t a licensed dispensary, it can’t legally sell weed. But there will be information about Beboe’s vape pens and edibles, which can be ordered online for delivery. The new shop is scheduled to open next month, according to a statement.
The partnership between a cannabis brand and a luxury retailer comes as access to legal marijuana continues to spread across the U.S. California is the world’s largest legal marijuana market, with Los Angeles the de facto capital of a weed culture that is pushing into the mainstream.
“This will appeal to our core customer,” said Matthew Mazzucca, creative director of Barneys. “Our brand really looks at creating dialogue and focusing on cultural shifts.”
Barneys is a fashion hub in many major cities, selling runway-worthy looks from high-end labels such as Balenciaga, Givenchy and Saint Laurent. The racks at Barneys are a playground for shoppers who can afford US$3,000 Prada dresses and US$1,000 money clips. The push into cannabis comes as department and specialty stores have struggled to draw customers as shopping shifts online.
Cannabis is one of the fastest-growing consumer products in the U.S., with increased access to marijuana and CBD pulling billions of dollars from the black market into the legal economy.
“Many of our customers have made cannabis part of their lifestyle,” Barneys Chief Executive Officer Daniella Vitale, said in a statement. “The High End caters to their needs.”
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