Companies Preparing To Grow, Sell Medical Marijuana In New York

Cannabis growers in New York are preparing to be part of what could be a very lucrative business.

NEW YORK:  While the rollout of New York’s medical marijuana program is at least 15 months away and it doesn’t look like the state will get a federal waiver to get the drug sooner for ailing children, cannabis growers are preparing to be part of what could be a very lucrative business here.

The parameters of the state’s medical marijuana program are known to the public, but the particulars — like where the greenhouses and dispensaries will be located and exactly how a company will be vetted — are unknown.

The following is known: The drug will be administered as a pill or oil; it can only be prescribed by physicians registered with the state; patients must have one of about a dozen serious conditions on the state’s list, and must be given a state Department of Health ID card. Organizations that grow and distribute the drug must register with the state, and patients will be given no more than a 30-day supply at a time.

State Sen. Diane Savino (D-North Shore/Brooklyn) sponsored the bill that passed in the state legislature, and hopes the additional regulations will be known soon.

 

Read full article @ SILive

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