New York

Wed
10
Jun

43 companies compete for New York medical marijuana license

A total of 43 companies are competing for a license to grow and sell medical marijuana in New York.

The state Health Department late Tuesday released a list of the companies that applied for a license before the June 5 deadline. The state is expected to award five licenses next month, and the recipients will begin dispensing marijuana to seriously ill patients in January.

The state has not identified the principals behind the companies or where the businesses would be located.

Wed
10
Jun

What sparks more business interest: Start-Up NY or medical marijuana?

SYRACUSE, N.Y. – Forget lucrative tax-free offers for new and expanding businesses.

What some companies really want to do in New York is grow and sell pot.

On Tuesday, the state announced that 43 companies have applied for just five spots to be sanctioned growers and distributors of medical marijuana in New York. During a six-week window, those companies filed copious paperwork and paid $10,000 a pop each for the opportunity to be considered as a legitimate New York marijuana manufacturer and distributor.

Wed
10
Jun

Advocates push for New York emergency medical marijuana

ALBANY – Patients and state lawmakers on Tuesday made a final push for New York to pass a bill that would provide emergency access to medical marijuana for ill patients.

New Yorkers with severe illnesses and legislators urged the Legislature to pass the bill and for Gov. Andrew Cuomo to sign it as the state Department of Health considers medical marijuana growers and hopes to have a statewide distribution system in place by Jan. 1.

Wed
10
Jun

7 States Where Medical Marijuana Is Legal But Barely Accessible

With New York State beginning to accept applications for medical marijuana providers last week, criticism of the hyper-strict program negotiated by Gov. Andrew Cuomo has been plentiful. Hinged on concerns about arbitrary regulations and insufficient patient access, advocates for medical marijuana access worry the program will be too small and restrictive to be effective.

Tue
09
Jun

Medical Marijuana Distributors Eye NYC Locations As State Prepares To Grant Licenses

NEW YORK (CBSNewYork) — Could a medical marijuana dispensary be coming to a New York City storefront near you?

As CBS2’s Hazel Sanchez reported, one company has already signed a lease to open up shop in Downtown Brooklyn, but not everyone in the neighborhood wants them to move in.

“Think Apple store meets pharmacy,” said Andre Bogolubov.

Bogolubov, of marijuana producer and dispenser Palliatech, is hoping his company will be one of five dispensaries to be granted a state license to open up a medical marijuana store.

“It is like a pharmacy. It’ll be quiet, secure business, and it will really help people who need it in the community,” he said.

Tue
09
Jun

Marijuana Companies Are Passing On New York Due To High Startup Costs

When it comes to starting a marijuana business, not all states are created equal. In many medical marijuana states with older programs, the barrier to entry into the market is not that large. In Oregon it’s literally as easy as applying for a dispensary license for a fee, and finding a place that is a proper distance away from a school or another dispensary. I know people that have opened dispensaries in Oregon for $10,000, and that includes all the startup costs to start making sales. Most dispensaries in Oregon cost more than that, but for a basic dispensary, that amount is doable.

Mon
08
Jun

Hospitals Back Providers Applying for New York State Marijuana Licenses

A hospital in the North Shore-L.I.J. system, which applied for a state medical marijuana license with a Colorado provider. By ANEMONA HARTOCOLLIS June 5, 2015

New York’s new medical marijuana program has drawn the interest of several major hospitals, which have formed alliances with aspiring growers to try to make the drug accessible to their patients.

Mon
08
Jun

New York State to disclose bidders for medical marijuana licenses

State health officials plan to let the public know early next week which companies, nonprofits or other entities bid for licenses to grow and distribute medical marijuana.

Before Friday’s application deadline closed, several bidders had announced proposals, including some now running similar programs in other states. New York’s health department is expected to grant up to five licenses this summer, with each recipient allowed to establish up to four dispensaries.

Mon
08
Jun

The New Runner's High: Why More Athletes Are Turning to Weed

It’s a typical Wednesday evening. After a long run, Andrew*, who works in digital media in New York City, is following his standard post-run routine. Like most runners, he’ll quickly cool down, stretch, drink water, and maybe grab a post-workout snack. Unlike most runners, he’ll also smoke pot.

The avid runner and cyclist, whose racing résumé includes theUmstead 100 Ultra, typically lights up immediately before his athletic activities and usually within an hour or two post-sweat session.

Sun
07
Jun

NY State, US can do more on medical marijuana

In the past two years Gov. Andrew Cuomo has come a long way in amending his once unsupportive views about medical marijuana, but it is not far enough.

New York has become the 23rd state to legalize medical marijuana in some form, and this should help those New Yorkers suffering from cancer, glaucoma and other serious illnesses. But if the program works as intended, it should be expanded.

Friday was the deadline for businesses to apply for only five licenses that will be granted to manufacture and dispense the drug statewide.

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