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Home 🌿 Marijuana Business News 🌿 What sparks more business interest: Start-Up NY or medical marijuana? 🌿What sparks more business interest: Start-Up NY or medical marijuana?
SYRACUSE, N.Y. – Forget lucrative tax-free offers for new and expanding businesses.
What some companies really want to do in New York is grow and sell pot.
On Tuesday, the state announced that 43 companies have applied for just five spots to be sanctioned growers and distributors of medical marijuana in New York. During a six-week window, those companies filed copious paperwork and paid $10,000 a pop each for the opportunity to be considered as a legitimate New York marijuana manufacturer and distributor.
Compare that with Gov. Andrew Cuomo's generous tax-free offers under Start-Up NY. Since opening for business about 18 months ago, just 121 companies have qualified for as much as a decade's worth of tax-exempt status in New York.
So far, at least two companies want to grow pot in the Syracuse area, while three in Central New York have...
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