Florida Medical Cannabis Business & Marijuana Legal News

Linton back in cannabis business as chairman, investor and adviser

Ousted Canopy Growth co-CEO Bruce Linton is getting back into the marijuana business in a big way, resurfacing as a senior executive, investor and adviser in three separate companies in the U.S. and Canada. Linton is joining Michigan-based Gage Cannabis Co. as executive chairman, parent company Wolverine Partners said Tuesday. Gage said in a release […]

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MedMen, Surterra put up $1 million for adult-use marijuana push in Florida

MedMen and Surterra each contributed $545,000 to a campaign to legalize recreational cannabis in Florida. The two cannabis companies are backing Make it Legal Florida, which is seeking to collect the 766,000 signatures needed to put a constitutional amendment on the 2020 ballot. Their contributions, totaling $1.09 million, were first reported by Florida Politics. Surterra, […]

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Florida’s medical cannabis industry has only one truly dominant player

Florida’s medical marijuana market is often described by industry watchers as an oligopoly – dominated by a few vertically integrated operators. But it isn’t. The reality is that the roughly half-billion-dollar market is dominated by one player – Florida-based Trulieve, which is capturing nearly 50% of all sales. No other company comes close. Experts say […]

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Cannabis industry insiders brace for potential fallout as health officials report new vaping deaths, issue warnings

U.S. health officials were once again cautioning the public to refrain from using vaping products as related respiratory illnesses and even deaths continued to be disclosed last week. As of Friday, officials linked at least five fatalities to e-cigarettes and electronic marijuana vaping devices. The outbreak has some in the cannabis industry expecting at least a […]

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Florida governor asks state Supreme Court to decide cannabis licensing issue

The Florida governor’s office, as expected, asked the state Supreme Court to rule on whether the medical cannabis program’s vertical integration requirement for MMJ businesses is unconstitutional and should be opened up to new licensing opportunities. Lawyers for Gov. Ron DeSantis, a Republican, filed the appeal with the Florida Supreme Court on Friday, according to […]

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Week in Review: DEA marijuana research, MMJ licensing case heads to FL high court, NV adult-use license ruling & more

The DEA indicates support for expanding cannabis research, a Florida medical marijuana licensing issue is sent to the state’s Supreme Court for potential review, a Nevada judge freezes some permits for new recreational marijuana shops – and more of the week’s top cannabis business news. DEA to up cannabis research The U.S. Drug Enforcement Administration (DEA) […]

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Florida medical cannabis licensing issue heads to state Supreme Court

A court case that could break up Florida’s vertically integrated medical marijuana structure and open up new licensing opportunities in the fast-growing market is headed toward the final step of a long legal process. A divided appellate court denied the state’s request to rehear the matter, sending the case to the Florida Supreme Court for […]

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Cultivators, MJ executives say Eastern US marijuana prices remain strong as industry grows steadily

Up and down the Eastern United States, cannabis growers and business owners are reporting healthy prices for pounds of marijuana, both medical and recreational. Prices range from $2,000 a pound for flower all the way up to $4,200, depending on the state. But cultivators are still facing regulatory hurdles and the growing pains of keeping […]

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Cannabis firm Trulieve reports strong revenue growth in second quarter

Trulieve Cannabis Corp., a Florida-based multistate operator, reported record revenue of $57.9 million for the second quarter, up 149% compared with $23.3 million during the same period a year ago. Revenue for the six-month period ended June 30 totaled $102.4 million, nearly triple the $38.5 million the company posted during the second quarter last year. […]

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Chart: Medical marijuana markets expanding at varying rates, with Oklahoma, Florida setting the pace

While medical marijuana is legally available in 36 states and Washington DC, the fragmented nature of the industry – each state creates its own set of rules – means each market grows at a different rate. The new quarterly release of the Marijuana Business Factbook presents updated profiles of each state market, highlighting the growth […]

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Second Florida medical cannabis company gets OK to exceed dispensary cap

Florida regulators are allowing a second medical marijuana company, Atlanta-based Surterra Wellness, to exceed the statutory cap of 35 dispensaries per company. State health officials will allow the company to open six more medical marijuana dispensaries after Surterra sued in response to a health department ruling allowing competing MMJ company Trulieve to exceed the limit, […]

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