Robert Celt
New Member
It's high time New Yorkers got medical marijuana, even if they're not allowed to legally smoke it. The state opened eight of the outlined 20 weed dispensaries on Jan. 7, joining the nation's 22 other states and D.C. that sell medicinal cannabis. However, New York law only allows non-smokable products that come in liquid form, capsules or concentrate from vaporization.
Nicholas Vita, the CEO of Columbia Care, the first dispensary to open in New York City, said between 200,000 and 400,000 people in the state could qualify for the program. Only patients diagnosed with HIV/AIDS, cancer, epilepsy, multiple sclerosis, Lou Gehrig's disease, Parkinson's disease, Huntington's disease, neuropathies and spinal cord injuries can legally purchase medical marijuana in New York.
"It's an alternative to prescription pain meds and doesn't have the same issues... but does have a side effect of euphoria," said Vita, who used to work at Goldman Sachs. "The worst that is that it makes you happy, and that's not a bad outcome."
Vita reached that estimate by taking the statistic that qualifying patients make up 1 to 2% of the U.S. population and applied it to the state's population. About 19.7 million people live in New York, according to 2014 U.S. Census data.
He said the average price per dose is $.99. The dosage size depends on a physician's recommendations and the varying illnesses, but Vita said a monthly supply would cost on average between $100 and $300. New York insurers do not cover medical cannabis.
News Moderator: Robert Celt 420 MAGAZINE ®
Full Article: Here's How Much Medical Marijuana New York Could Sell In A Year
Author: Emily Canal
Contact: Forbes
Photo Credit: Seth Perlman
Website: Forbes
Nicholas Vita, the CEO of Columbia Care, the first dispensary to open in New York City, said between 200,000 and 400,000 people in the state could qualify for the program. Only patients diagnosed with HIV/AIDS, cancer, epilepsy, multiple sclerosis, Lou Gehrig's disease, Parkinson's disease, Huntington's disease, neuropathies and spinal cord injuries can legally purchase medical marijuana in New York.
"It's an alternative to prescription pain meds and doesn't have the same issues... but does have a side effect of euphoria," said Vita, who used to work at Goldman Sachs. "The worst that is that it makes you happy, and that's not a bad outcome."
Vita reached that estimate by taking the statistic that qualifying patients make up 1 to 2% of the U.S. population and applied it to the state's population. About 19.7 million people live in New York, according to 2014 U.S. Census data.
He said the average price per dose is $.99. The dosage size depends on a physician's recommendations and the varying illnesses, but Vita said a monthly supply would cost on average between $100 and $300. New York insurers do not cover medical cannabis.
News Moderator: Robert Celt 420 MAGAZINE ®
Full Article: Here's How Much Medical Marijuana New York Could Sell In A Year
Author: Emily Canal
Contact: Forbes
Photo Credit: Seth Perlman
Website: Forbes