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Home 🌿 Cannabis Technology News 🌿 NY: Medical marijuana company gains support in Schenectady County 🌿NY: Medical marijuana company gains support in Schenectady County
The Schenectady County Legislature voted Tuesday to support an application by Fiorello Pharmaceuticals to build a medical marijuana cultivation center in Glenville.
Owned by Ari Hoffnung of the Bronx, Fiorello Pharmaceuticals is one of 43 applicants seeking five licenses to operate medical marijuana dispensaries under New York's Compassionate Care Act. A decision is expected soon.
The company proposes investing $10 million to locate the business in a 120,000-square-foot space at the Glenville Business and Technology Park.
In its 15-0 vote, lawmakers noted the private company would employ about 100 people at the facility, provide funding to local academic and research institutions and raise county tax revenue through sales of its product.
Hoffnung thanked county leaders in a statement released after the vote in which he noted his company's plans were also backed by the Chamber of Schenectady County.
"We are proud to be welcomed with open arms...
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