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Medical marijuana grower with track record wants to cultivate pot in Central New York

Submitted by Marijuana News on Sun, 03/01/2015 - 01:45

Syracuse, N.Y. - The first U.S. public company allowed to raise money on the stock market to produce and sell medical marijuana wants to grow pot in Central New York.

Terra Tech Corp., of Irvine, Calif., plans to apply for a state license to cultivate and dispense medical marijuana in New York, said Derek Peterson, the company's CEO.

"We're looking at Central New York for cultivation," Peterson said. "If you want a retail footprint around the state, you want cultivation and production centrally located adjacent to major arteries to provide access to all the retail locations."

The company has not picked a Central New York location yet, he said. Peterson said dispensaries would be scattered around the state in places such as Ithaca, Albany, Manhattan and Brooklyn.

The state plans to issue five licenses to businesses that will grow and sell marijuana. Ed Draves, an Albany lobbyist and member of...

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URL: 
http://www.syracuse.com/health/index.ssf/2015/03/post.html

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