Florida Medical Cannabis Business & Marijuana Legal News

Cannabis group Cansortium raises $56 million-plus ahead of IPO

Miami-based Cansortium, a vertically integrated cannabis operator, said it raised just over $56 million in funds ahead of its initial public offering (IPO). The company will use the net proceeds for continued expansion of its medical cannabis operations in Florida, Michigan, Pennsylvania, Texas, Puerto Rico, Canada and Colombia for repayment of debt and for general […]

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MedMen taking Miami Beach to court over cannabis dispensary regulations

Multistate marijuana operator MedMen is suing Miami Beach, Florida, claiming a local regulation – which requires medical cannabis dispensaries be at least 1,200 feet from each other – violates state law. According to the Miami Herald, MedMen is charging the city’s zoning ordinance would limit the number of dispensaries in Miami Beach to seven – which […]

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Florida dispensary conducts first smokable medical marijuana sale

Only days after Florida’s governor signed a bill allowing medical cannabis dispensaries to sell smokable products, Trulieve, the largest cannabis retailer in the state, began selling them. Trulieve sold the first smokable flower to a medical marijuana patient in Tallahassee on Thursday, the Tallahassee Democrat reported, and the company plans to have smokable products in […]

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Cresco to enter FL medical marijuana market via $120M VidaCann purchase

Cresco Labs, a Chicago-based vertically integrated cannabis company, agreed to acquire Florida medical marijuana provider VidaCann in a $120 million cash and stock deal. The deal gives Cresco a presence in Florida for the first time, expanding its operations into eight states and giving the company a toehold in a major MMJ market. VidaCann plans […]

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Florida lawmakers vote to end ban on smokable medical cannabis products

Florida is on the verge of eliminating its ban on smokable medical marijuana, a move that is expected to provide a significant boost in sales for the already booming $250 million-a-year market. The Florida House on Wednesday overwhelmingly approved a bill to repeal the ban by a vote of 101-11. The measure, which already had […]

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Repeal of smokable medical cannabis ban clears Florida Senate

Florida currently prohibits smokable medical marijuana products – which poses a significant drag on the state’s MMJ businesses’ sales potentials. So, many of those firms are welcoming news that the state Senate overwhelmingly passed a bill that would allow patients to use smokable forms of medical cannabis. The state House will vote on its version […]

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Florida to challenge court ruling that would up medical cannabis dispensary caps

Florida regulators intend to challenge a state court ruling that would eliminate the limit on the number of dispensaries a medical marijuana business can operate. Lifting the cap would benefit the state’s existing MMJ operators. Trulieve filed the suit seeking to boost the number of allowable dispensaries. The state health department’s move to hold the […]

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