Initially, The Company Will Hire 20 To 25 Employees And Plans To Eventually Hire More Than 100 People.

— A Syracuse company authorized by the state to grow medical marijuana announced today it will open a cultivation facility at the former New Venture Gear site in DeWitt. Terradiol New York said it has leased 90,000 square feet in the former New Venture Gear building and will phase in production. Initially, the company will hire 20 to 25 employees and plans to eventually hire more than 100 people. “Having grown up here in Onondaga County, I remember a time not long ago when thousands of our friends and neighbors supported their families by working at this facility and I am proud that we are helping to bring this site back to life by locating our cultivation and manufacturing facility here,” Terradiol CEO John Vavalo said in a prepared statement. The New Venture Gear factory closed in 2012 and is being redeveloped into an industrial park. In addition to the cultivation facility, Terradiol NY has been licensed to operate four dispensaries in Erie, Orange, Queens and Suffolk counties which are expected to open later this year. When it applied to the state in 2015 to become a medical marijuana producer, the company said it planned to grow the drug at a vacant industrial site on Farrell Road in the town of Onondaga. The company’s application was rejected in 2015 when the state picked five companies out of 43 applicants to grow and distribute the drug. But the state recently decided to authorize five more medical marijuana companies to improve access to the drug and drum up more competition. It picked Terradiol and four other companies that just missed Medical marijuana stocks the cut in 2015.

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