New York doubles the number of licensed medical marijuana distributors | Crain’s New York Business


New York’s medical marijuana market just got more crowded.

The state Health Department announced Tuesday that it has issued five additional licenses. Until now, the industry has been controlled by five companies. They have sued the state to prevent it from doubling the number of licensed sellers before they’re able to drum up enough demand for the product to recoup their expenses.

The new companies, all of which began building their operations while applying for the first round of licenses in 2015, are Citiva Medical, Fiorello Pharmaceuticals, New York Canna, PalliaTech NY and Valley Agriceuticals.

READ THE FULL ARTICLE BELOW
Source: New York doubles the number of licensed medical marijuana distributors | Crain’s New York Business

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s