Bidders line up for medical marijuana business
At least four Western New York groups are seeking permission to grow, process and dispense medical marijuana in New York State.
They include a pair of Cheektowaga eye surgeons, an Amherst dentist, a Niagara County tomato grower and a medical entrepreneur who has partnered with the founder of the Tanning Bed chain.
They’re among the 100 to 350 groups, if not more, expected to apply for the right to become medical marijuana providers, according to those who follow the industry. They face a Friday deadline to submit applications to the state Department of Health.
Daniel J. Humiston, founder of Tanning Bed, said the group he helped form, Alternative Medicine Associates, on Tuesday turned in “thousands and thousands” of pages in 10 banker boxes.
In addition to completing a complicated application form, the applicants must pay a steep application fee: $210,000. The state will refund $200,000 to unsuccessful bidders.
Last summer,...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin