NEW YORK: A $10 million construction project tied to selling medical marijuana to Lower Hudson Valley patients is unfolding about 60 miles northwest of White Plains.
Valley Agriceuticals, a company started by a team of health care and cannabis industry leaders, wants to build a marijuana grow facility in Wallkill, a farming community of about 29,000 people in Orange County.
The proposal, which pledges to generate hundreds of thousands of dollars in tax revenue, is an early contender in the high-stakes competition to grow and distribute medical marijuana. Last year, New York became the 23rd state to allow sales of the drug.
State Health Department officials plan to award up to five licenses to organizations — like Valley Agriceuticals — that will grow and sell the drug. Those five organizations would each operate up to four dispensaries, essentially where patients buy the drug.