License to Supply Pot: Deadline Nears for Firms in New York

Companies have until June 5 to file applications with the state’s health department for one of five licenses to dispense medical marijuana

Erik Holling spent more than 10 years helping turn a family business into a global information-technology company with a staff of 3,500 people in more than 190 countries.

Now he is aiming to be at the forefront of a new industry for New York state: medical marijuana.

Mr. Holling, who earlier in his career worked in medical research and health care, is now president of Valley Agriceuticals, a Purchase-based health-care company vying for one of five licenses to grow and distribute medical marijuana in New York.

His career change was inspired when, over dinner, a friend talked about starting a medical marijuana company. Mr. Holling quickly jumped aboard.

“I knew immediately that it would be a good marriage for my love of technology, business and medicine to come together,”...

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