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Medical marijuana companies ready to start business in NY

Submitted by Marijuana News on Thu, 07/16/2015 - 14:03

ALBANY, N.Y. (NEWS10) – Medical marijuana companies are counting down the hours.

The New York State Department of Health is expected to award five licenses any day. Empire State Health Solutions wants to turn Fulton County’s old Tryon Center into its growing facility.

The company’s CEO, Dr. Kyle Kingsley, says they’re ready to grow plants next week. They have a sister company in Minnesota that just started dispensing medical marijuana on July 1.

Dr. Kingsley says one little girl stopped having seizures after just two weeks.

“We knew exactly what we were giving patients,” he said. “We knew the physiology behind it. As physicians we knew exactly how it should work, but until you actually see it change somebody’s life, it’s not as real.”

One big challenge for medical marijuana companies, though, is banking.

The federal government still considers marijuana an illegal drug, so many banks are passing

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http://news10.com/2015/07/15/medical-marijuana-company-ready-to-start-growing/

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