Aug 24
2022
Subsidies for South Buffalo pot farm
Updated: 1:46 p.m. A pot growing operation in South Buffalo has received two major subsidies from economic development agencies. The first, in January, came from the New York Power Authority, which approved an allocation of 2.9 megawatts of discounted hydropower. That equates to $3.5 million in savings over 10 years, based on 2021 energy prices, a NYPA spokesman told Investigative Post. The second subsidy came Wednesday from the Erie County Industrial Development Agency, which approved tax breaks worth $3.1 million over 15 years. It’s the first subsidy the IDA has awarded to a marijuana producer and the second largest tax-break[...]