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How Martha Stewart, A Rockefeller And A Liquor Company Already Have A Foot In NY's Legal Cannabis Market


How Martha Stewart, A Rockefeller And A Liquor Company Already Have A Foot In NY’s Legal Cannabis Market
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Martha Stewart at the Vanity Fair Oscar Party, Los Angeles, February 9th, 2020
Matt Baron/Shutterstock
New York City is a destination for all types of retailers, but when it comes to cannabis, we have the added cachet of being the metropolis that consumes the most weed on the planet. The state’s cannabis market has been valued at $4.6 billion, between demand from residents and tourists over 21. That’s projected to grow in the next few years now that marijuana is legal here although analysts note that above-ground businesses will have to work hard to take over sales from the black market. ....

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Fiorello Pharmaceuticals


Green Thumb Industries Inc (OTC: GTBIF) (CSE: GTII) has entered New York via the acquisition of Fiorello Pharmaceuticals.
This purchase gives the company access to one of only 10 vertically integrated licenses in the state.
The deal includes a license for a cultivation and processing facility, as. Read More.
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Green Thumb Receives Incentives To Build New York Cannabis Facility At Former Federal Prison


Green Thumb Industries Inc (OTCQX: GTBIF) (CSE:GTII) to build a marijuana cultivation and manufacturing facility.
Green Thumb plans to buy the remaining eight lots, covering around 40 acres, at the Warwick Valley Office and Technology Corporate Park to construct a state-of-the-art cultivation and manufacturing facility.
With the new manufacturing operation, the multistate operator plans to hire around 125 full-time employees with full benefits.
The incentives approved by the agency include “sales and use tax exemption, mortgage recording tax exemption, a 15-year property tax abatement and the issuance of taxable revenue bonds,” per the report.
“We are thrilled to help bring Green Thumb to Orange County, along with 125 good-paying permanent jobs, hundreds of construction jobs and $50 million in capital investment in the first phase alone,” according to the county agency.  ....

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