NYC’s first medical marijuana dispensary gets a Brooklyn outpost

The first dispensary in Brooklyn was opened last month

TRD New York /
Jan.January 30, 2019 02:05 PM

Columbia Care CEO Nicholas Vita and 44 Court Street (Credit: Getty Images, Google Maps, and Wikipedia)

Columbia Care, the company that opened New York City’s first marijuana dispensary in early 2016, now has an outpost in Downtown Brooklyn.

The Columbia Care Rochester dispensary

The dispensary inked a 7,000-square-foot lease at the ground floor and lower level of 44 Court Street, according to a press release. Columbia was represented by Michael Dubin and Hector Rodriguez of Savitt Partners, who also represented the company for their first lease, at 212 East 14th Street in the East Village. In addition to in-person pharmacist consultations and dispensing services at the new site, Columbia Care will also be offering home delivery.

“As the medical cannabis industry has evolved, more and more communities have welcomed companies like Columbia Care that provide a vital service to patients,” said Rodriguez. “The Court Street space represents a first-of-its-kind facility in this neighborhood.”

The facility is, however, not the first of its kind in Brooklyn at large. That distinction goes to a Citiva dispensary which opened last month, at 202 Flatbush Ave near Barclays Center.

Founded by a pair of former Goldman Sachs executives, Columbia Care was part of the first batch of companies licensed to cultivate cannabis in New York state in 2015, along with Bloomfield Industries, Empire State Health Solutions, Etain LLC and PharmaCann LLC. Another batch of five companies, including Citiva, received licenses in 2017.

The Columbia Care Rochester dispensary

Despite the rapid growth of the cannabis industry nationwide, medical marijuana companies’ expansion in New York City has been hampered by high registration fees, geographic restrictions, and lack of access to financing.

Medical marijuana companies have had Brooklyn in their sights for years. Back in 2015, Long Island-based PalliaTech signed a lease for a possible dispensary at 425 Fulton Street in Downtown Brooklyn. That lease was contingent on the company being among the state’s first batch of licensees, which did not happen. The company was eventually licensed in 2017, changed its name to Curaleaf, and now operates dispensaries in Forest Hills, Queens, and on Long Island.

Westchester-based Valley Agriceuticals has also announced plans to open a Brooklyn dispensary in the near future. Valley was acquired by publicly-traded cannabis operator iAnthus Capital in 2017 for $17.3 million.

Columbia Care is currently licensed to operate in 12 U.S. states, as well as Washington D.C. and Puerto Rico. The company also became the first U.S. marijuana company to be licensed in Europe when it received a license to operate in Malta in November.


Related Articles

arrow_forward_ios
(Photos by Sylvia Varnham O'Regan, Getty)

After looting, BIDs reverse guidance on boarding up stores

After looting, BIDs reverse guidance on boarding up stores
“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think
Clockwise from bottom left: Robert Reffkin of Compass, John Gomes, Scott Rechler of RXR Realty, Rich Barton of Zillow, Gary Keller of Keller Williams and Don Peebles of The Peebles Corporation (Getty)

“America is in crisis:” Real estate leaders address George Floyd protests

“America is in crisis:” Real estate leaders address George Floyd protests
A mass timber project in Cleveland is now under construction and could be the nation’s tallest when completed. Harbor Bay Real Estate Advisors’ Intro development will rise nine stories with 298 residential units (Credit: Harbor Bay Real Estate Advisors)

Mass timber project in Cleveland could be nation’s tallest

Mass timber project in Cleveland could be nation’s tallest
Joy Construction’s Eli Weiss (left), Maddd Equities’ Jorge Madruga (top), and Drew Katz with 20 Bruckner Boulevard in the Bronx (Getty; Google Maps)

“Dream” comes true for long-vacant Bronx ice house

“Dream” comes true for long-vacant Bronx ice house
“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space
Photo illustration of Sen. Brian Kavanagh (Credit: Kavanagh by Albin Lohr-Jones/Pacific Press/LightRocket, Getty Images, iStock)

Lawmakers skip #CancelRent in favor of more modest bills

Lawmakers skip #CancelRent in favor of more modest bills
The process for challenging property assessments is so antiquated, officials won’t do Zoom meetings. (iStock)

“A recipe for disaster”: Fighting property taxes in a pandemic

“A recipe for disaster”: Fighting property taxes in a pandemic
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...