According to multiple press reports, the date quickly approaches for New York State to announce its selection of the five companies that will receive licenses to produce and sell medicinal marijuana. Forty three applicants are competing for five licenses. Each licensee will be required to grow, process, and distribute medical marijuana in forms acceptable to the Department of Health.
One applicant, Empire State Health Solutions, is owned by Vireo Health. Vireo’s Minnesota subsidiary won a license in Minnesota and has been operating there since July 1st, 2015. Another applicant, Tilray is reported to have made a proposal this week to the Colonie Planning Board to build a 30,000 square foot greenhouse space and a 28,000 square foot manufacturing facility near the Albany Airport. Questions have been raised as to whether Tilray’s failure to obtain local regulatory approval will negatively impact its application.