Bidders line up for medical marijuana business
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The subscription service is currently unavailable. Please try again later.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,...
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