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NY Times: For Pot Inc., the Rush to Cash In Is Underway

Kannalife Siences was mentioned in an article by the New York Times written by John Leland about companies that are vying for a medical marijuana license in the state of New York.

The competition to acquire the five available licenses will be fierce and expensive. Application costs alone could run to several hundred thousand dollars; start-up costs could top $20 million. “I would suggest that anyone who wants to be serious be prepared to spend at least a million dollars” on an application, said Evan Nison, 24, a lobbyist and consultant for cannabis companies and a founder of the New York Cannabis Alliance, which advocates changing the state’s marijuana laws.

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