The publicly traded cannabis company that runs the medical marijuana dispensary in Riverhead Town has dramatically upped its stake in the local pot business with a $42.5 million purchase of the Van de Wetering Greenhouses site on Sound Avenue, the company has announced.

Columbia Care said the newly acquired site will supplement the company’s existing medical marijuana growing operation in western New York, better positioning it to cultivate the crop for recreational use.

“This is a commitment to our patients, communities,…

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