Marijuana Business Factbook 2019

Marijuana Business Factbook 2019 Chapter 2 | State-By-State: Legal Overview, Market Data and Outlook 62 © Copyright 2020, Marijuana Business Daily , a division of Anne Holland Ventures Inc. You may NOT copy this Factbook, or make public the data and facts contained herein, in part or in whole. For more copies or editorial permissions, contact CustomerService@MJBizDaily.com or call (720) 213-5992, ext. 1. FLORIDA Medical continued BUSINESS TAXES & FEES Application fees $60,063 License renewal $60,063 Change location None Working capital/escrow/ bond requirements $5 million State tax requirements Marijuana transactions are exempt from state sales tax State tax collections in 2018 N/A SUPPLY CHAIN DYNAMICS Dispensary structure For-profit allowed under both programs Number of dispensaries allowed Originally 14 MMTCs were licensed, with another 8 licenses issued in spring 2019. Under current rules― which have been deemed unconstitutional―each time the medical marijuana use registry grows by 100,000 patients, each MMTC will be allocated five additional dispensary locations. Number of businesses operating in early 2020 Medical Marijuana Treatment Centers: 218