The Cannabist Company Holdings Inc. (NEO: CBST) (OTCQX: CBSTF) (FSE: 3LP), formerly Columbia Care, was approved Friday by the New York Office of Cannabis Management (OCM) for adult-use wholesale distribution.
The New York cannabis operator said the wholesale distribution of recreational cannabis began immediately, while adult-use retail sales will begin at a later date upon payment of the required fees.
The Cannabist’s brands, including Seed & Strain and Hedy edibles, will be available to both existing and newly approved adult-use dispensaries with its first sale to Herbal IQ, a retailer with five locations near Buffalo and Rochester. Additional brands will launch in the coming months, pending regulatory approval.
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