Remedy – a weed dispensary managed by Valley Agriceuticals – will be opening at the base of the Pod Hotel in Williamsburg. The medical marijuana company signed a 10-year lease for 3,800 SF at CB Developers’ 178 North 4th Street.
- Why it matters: Most lenders don’t allow cannabis businesses as tenants because they’re still federally illegal. This will be the third dispensary in Brooklyn, and likely the last until the state expands its licensing program, which is currently capped at ten operators
- Be Smart: Asking price on the deal was reportedly $200 per SF.