The CEO declined to disclose the length of the lease at 817 E. Tremont Ave., but said the company has an extension option with the owner of the property. Chavez declined to specify how much it cost to build out the store and his projections for revenue.
Statis arrives seven months after the first recreational dispensary opened in the city, in the East Village, and just days before four other recreational cannabis dispensaries opened in the state, one of which was in Farmingdale, Long Island.
The governor’s office said those openings raise the number of dispensaries in New York to 19.
Crain’sreported in June that the state Office of Cannabis Management had granted 215 licenses in New York since November 2021, when sales of recreational cannabis became legal in the Empire State.
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