Jacob Redmond
Well-Known Member
Long Island-based medical marijuana company PalliaTech made history Thursday with the announcement of a 3,000-square-foot lease for a possible dispensary at 425 Fulton Street in Downtown Brooklyn.
The news marks the first medical marijuana company to commit to a space in the city - though the lease is contingent on PalliaTech being approved as one of five companies selected by the state to legally administer marijuana, Crain's reported.
"It's going to look like a super-modern pharmacy," said Andrei Bogolubov, executive vice president at PalliaTech. "And the clientele will be people registered in the program ... there isn't going to be any walk-in traffic.
" PalliaTech also revealed three other planned locations across the state - the maximum number allowed. The others will be in Utica, Rochester and Newburgh. The company has also secured a lease on a production facility in Plattsburgh.
The deadline to apply for a state license is Friday. The New York State Department of Health is expected to announce the winners of the five slots next month.
Other medical marijuana companies reportedly vying for space in the city are Tilray, a Canadian company backed by the private equity firm Privateer Holdings; Aventura, Fla.-based Empire State Compassionate Care; and Staten Island-based Saint James Global.
News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: PalliaTech | NYC Medical Marijuana | 425 Fulton Street
Author: Web Staff
Contact: The Real Deal | Contact Us
Photo Credit: None Found
Website: The Real Deal | New York Real Estate News
The news marks the first medical marijuana company to commit to a space in the city - though the lease is contingent on PalliaTech being approved as one of five companies selected by the state to legally administer marijuana, Crain's reported.
"It's going to look like a super-modern pharmacy," said Andrei Bogolubov, executive vice president at PalliaTech. "And the clientele will be people registered in the program ... there isn't going to be any walk-in traffic.
" PalliaTech also revealed three other planned locations across the state - the maximum number allowed. The others will be in Utica, Rochester and Newburgh. The company has also secured a lease on a production facility in Plattsburgh.
The deadline to apply for a state license is Friday. The New York State Department of Health is expected to announce the winners of the five slots next month.
Other medical marijuana companies reportedly vying for space in the city are Tilray, a Canadian company backed by the private equity firm Privateer Holdings; Aventura, Fla.-based Empire State Compassionate Care; and Staten Island-based Saint James Global.
News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: PalliaTech | NYC Medical Marijuana | 425 Fulton Street
Author: Web Staff
Contact: The Real Deal | Contact Us
Photo Credit: None Found
Website: The Real Deal | New York Real Estate News
