On Friday, June 26th at 12 p.m., Silver Therapeutics hosted its grand opening and ribbon cutting of its first New York dispensary in Saratoga Springs. Through a partnership with Spa City Cannabis, this is also the city’s first cannabis dispensary.
Located at 75 Weibel Avenue, Saratoga Springs, NY, Dr. Itorye Silver, DOAM, LAc, owner of Silver Therapeutics Cannabis Dispensary, states that the ease of access was a critical factor in deciding on the store’s location. “Being close to the highway and with over 25 parking spots dedicated to dispensary shoppers, we hope to ensure a positive customer experience from the moment shoppers arrive at Silver Therapeutics,” they say.
Silver Therapeutics Makes Their Way Across the States
While this is Silver Therapeutics’ first dispensary to open in NY, it’s certainly not their first overall. The company also has a variety of dispensaries situated throughout Massachusetts, Maine and Vermont. Brendan McKee, operational partner of Silver Therapeutics, says they plan to open at least two more locations in NY.
“We’re thrilled to bring our high-quality cannabis products, sourced from local farms, to the budding New York cannabis market,” says Brendan McKee, Operational Partner of Silver Therapeutics. “We pride ourselves on delivering not only the best products, but exemplary customer service as we’ve done throughout our dispensaries in ME, VT and MA. We believe the customer experience is the most important aspect of a consumer’s dispensary shopping experience. Which is why New Yorkers can expect to be greeted by name whenever they step into our shop.”
Challenges in the New York Cannabis Market
As exciting as this new venture is, the NY cannabis market also comes with its own set of challenges. According to McKee, cannabis products in the state are priced higher than contiguous markets like MA and VT, so consumers living on a border are most likely still shopping outside of NY.
“That said, there are some really wonderful NY-based brands that resonate with local residents,” he says. “As the market matures, we should see more brands and product manufacturers ramp up operations and improve operational efficiencies. This type of scaling should lead to price compression, which means better wholesale pricing for retailers and more competitive pricing for consumers.”
