Hundreds vie for just 5 NY medical marijuana licenses

NY Post image

by Ed Zwirn
Originally published on the NY Post – May 3, 2015. Read the original article here…

The race is on to secure the five licenses to be granted under New York state’s medical marijuana program, which takes effect in January.

And the cash-crop lottery could bring in millions for the winners.

Statewide revenues will likely total $239 million in 2016 and more than $1.2 billion by 2020, according to a report issued by GreenWave Advisors late last year. Continue reading