43 Companies Seeking New York Medical Marijuana Licenses

NEW YORK:  The race for one of New York’s medical marijuana licenses is underway. More than 40 different companies have laid out their plans for both growing facilities and distribution sites. WAMC’s Southern Adirondack Bureau Chief Lucas Willard has the latest on a handful of proposed businesses in our backyard.

Across the state, 43 different companies are hoping to secure one of New York’s medical marijuana licenses. Under the law signed last year, companies must both grow and distribute the drug through designated dispensaries. The drug cannot be smoked and the dispensaries cannot sell other pharmaceutical products.

Last week, Fiorello Pharmaceuticals announced its plans to open a grow facility in Glenville in Schenectady County.