The chief executive of Columbia Care LLC is looking to open a medical-marijuana dispensary in Manhattan.
In New York these days, the nascent industry of medical marijuana is a delicate business. While Columbia Care is already in a handful of states, its entrance into New York—it is looking to put a dispensary on 14th Street in Manhattan—means negotiating a strict regulatory environment and waging a public-relations campaign focused on its health benefits.
The entrance of Mr. Vita, and others like him, into the medical-marijuana market also illustrates the growing pains in a potentially lucrative industry that is transforming from mom-and-pop operators to those with corporate financial backgrounds.
Read the rest of the article by Corinne Ramey: http://www.wsj.com/articles/nicholas-vita-a-pot-head-who-hasnt-ever-smoked-1441409484