Big MN-Backed Grower Applies for Coveted NY License

Kyle Kingsley, MD, is hoping he’s found a way to expand his cannabis cultivation company across multiple states, by setting up a series of linked LLCs and by emphasizing his traditional medical background in license applications.

After Kingsley founded Minnesota Medical Solutions LLC (aka MinnMed) two years ago, it won one of only two cultivator licenses in the state. This April MinnMed announced it had won $16.6 million capital backing, mostly from in-state investors. Now, the company is in the process of harvesting its first crop from an initial 15,000 square foot greenhouse, as well as building a scalable 3- to 7-acre greenhouse.

Early this year, Kingsley’s team also applied for a trademark for a new LLC, Vireo Health, which could act as an umbrella organization, connecting additional operations in other states.  Now Vireo’s first launch, Empire State Health Solutions LLC, founded in New York State this February, is applying for one of New York State’s hotly contested cultivation licenses. According to employment ads it placed in March for a head horticulturalist, it’s planning a 50,000 square foot facility.

As CEO of all three operations, Kingsley positions the companies as being different from more experienced MMJ players in several ways. Firstly, as the Vireo web site says, “Our approach is to insert standard medical, scientific, business and operational principles into the medical cannabis industry, something that is still relatively rare for medical cannabis producers.” Secondly, the group focuses on greenhouses, rather than indoor growing which is currently industry standard. Lastly, the company is investing heavily in technology and architecture that allows it to run nearly off-grid, with a far tinier carbon footprint than typical indoor grows.

Will this cross-state play be successful? New York applications for the five available grower licenses are due June 5, and competition is presumed to be heavy.

4 comments on “Big MN-Backed Grower Applies for Coveted NY License
  1. skyhigh on

    Reading about these money hungry people in the industry that were no where to be found before it became legal are getting on my nerves.

    Reply
    • Nathan San Diego on

      It is disgusting how someone with money can just jump in and take over everything. There are thousands and thousands of growers and producers who employ standard medical and scientific procedure. They are marketing to the uneducated masses

      Reply
  2. achnad on

    Barely licensed in Minnesota and now wants to snag more $ versus NY based growers, managers and investment that is home grown. New York State DOH should not award these licenses to out of state entities who have a brain dilution, limited business acumen/experience and are chasing licenses in multiple states.

    Reply
  3. sharon a. Oken on

    With 30 years experience as an RN clinical professor, teaching about the approved diseases you are permitted to prescribe cannibis for in other states, I look forward to you coming to Queens New York. This is a positive step in decreasing the dosing of opioids, benzodiazepines and neuroleptics currently being used in our city to treat patients.

    Reply

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