A weed dispensary is opening in Williamsburg

Posted On Fri, July 26, 2019 By

Posted On Fri, July 26, 2019 By In Policy, Williamsburg

Via Google Street View

Williamsburg is getting its first weed dispensary. According to the Commercial Observer, Remedy will open its first New York City location at the ground floor of the Pod Hotel on North 4th Street. Valley Agriceuticals, which manages the dispensary, is one of 10 companies licensed by the state to grow and sell marijuana.

In 2016, medical marijuana became legal in New York. Since then, 24 dispensaries run by 10 companies have opened across the state. Brooklyn’s first marijuana dispensary, called Citiva, opened near the Barclays Center in January. A few months later, Columbia Care, which has four total dispensaries in New York, opened a location in Downtown Brooklyn.

In Williamsburg, Remedy signed a 10-year lease for 3,800 square feet at 178 North 4th Street. The hotel sits sandwiched between Metropolitan Avenue and Driggs Avenue, steps from the Apple Store and Whole Foods. The dispensary is expected to open in August.

Donny Moskovic of Katz & Associates brokered the Williamsburg lease, as Commercial Observer reported. Moskosvic, who also brokered the lease for Valley Agriceuticals’ new Long Island location, told the website it took a while to find a location that would allow for a dispensary as a tenant.

“These deals have been the most complex but most satisfying transactions I have completed in my 25-year tenure,” Moskosvic said.

[Via Commercial Observer]

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