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Home 🌿 Marijuana Business News 🌿 Fiorello eyes Glenville for medical marijuana facility 🌿Fiorello eyes Glenville for medical marijuana facility
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The subscription service is currently unavailable. Please try again later.The way Bronx resident Ari Hoffnung sees it, Schenectady County is the perfect place for a medical marijuana operation.
"There's no way you could do this in New York City," Hoffnung said, gesturing with his hand toward the cavernous, 120,000-square-foot space his firm, Fiorello Pharmaceuticals, has leased at the Glenville Business and Technology Park.
"If this existed," Hoffnung quipped, "they'd want to turn it into a 70-story luxury condo building, with all sorts of tax incentives to help get it going."
In a more serious tone, the 41-year-old said he is impressed with the Capital Region's mix of academic, medical and business resources to support the medical marijuana industry. Fiorello is committed to investing $10 million in the facility to ready it as a marijuana cultivation and extraction center.
Fiorello is one of 43 applicants vying for five licenses to operate a medical marijuana operation in the state...
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