Florida Medical Cannabis Business & Marijuana Legal News

Surterra partners with Intrexon in $100 million licensing cannabinoid deal

Surterra Wellness, an Atlanta-based cannabis company with operations in Florida and Texas, announced it will partner with Hungary’s Intrexon Corp. in a $100 million licensing deal aimed at biosynthetic cannabinoid production. Surterra would use Intrexon’s proprietary yeast fermentation platform to boost its cannabinoid production. Surterra is a privately held company; Intrexon trades on the Nasdaq […]

Read More

MedMen opens its first Florida medical cannabis dispensary

Multistate operator MedMen on Friday announced the opening of its first Florida medical marijuana dispensary, in West Palm Beach – the first of 12 such planned storefronts in the state. The California-based company said in a news release it’s also planning upcoming Florida dispensaries in Orlando and Key West. MedMen could eventually open as many […]

Read More

Florida agriculture chief forms panel aimed at improving medical marijuana market

Florida Agriculture Commissioner Nikki Fried announced the members of her newly created advisory committee to advance the state’s medical cannabis policies, which could potentially bolster MMJ business in the state. The 18-member committee, which includes several of the state’s cannabis industry executives, will meet bimonthly to work to improve patient access, technology, innovation and other […]

Read More

Marijuana Business This Week: MJBizConNEXT sees the future, critical California CBD hearing, Ohio eyes MMJ expansion & more

Here are some notable stories and events in the cannabis industry to watch for in the coming days: WHAT’S NEXT: More than 4,000 attendees and 300 exhibitors are flocking to New Orleans for MJBizConNEXT 2019, where they will contemplate what’s ahead for the ever-changing cannabis and hemp industries. For three days beginning Wednesday at the […]

Read More

Green Growth eyes Florida medical marijuana market, nixes Arizona deal

Ohio-based medical marijuana company Green Growth Brands is moving into Florida through a $54.65 million agreement to acquire Spring Oaks Greenhouses, an MMJ company based in the state. The acquisition, expected to close in August, would allow Green Growth to operate up to 35 dispensaries in Florida’s sizable medical cannabis market. Green Growth also announced […]

Read More

IL gov touts adult-use marijuana plan, FL dispensary cap lawsuits, Euro MJ conference & more

Illinois Gov. J.B. Pritzker unveils a blueprint for recreational marijuana, lawsuits crop up in Florida around the state’s dispensary caps, a conference in Denmark highlights the growing international MJ space – plus other important news from around the cannabis industry. Recreational marijuana plan for Land of Lincoln The governor of Illinois revealed a plan to legalize […]

Read More

Florida medical marijuana operators file complaints to get more storefronts

The second- and third-largest medical cannabis operators in Florida filed complaints seeking the same treatment as Trulieve, a vertically integrated MMJ business that the state permitted to open 14 more dispensaries over the current state cap of 35. The complaints by Curaleaf and Surterra Wellness, which allege that Trulieve has an unfair competitive advantage, are scheduled […]

Read More

Chart: Florida medical cannabis market surges ahead, with five companies dominating

Florida’s medical marijuana market is booming, with an average of nearly two dispensaries opening each week across the state. The number of enrolled patients recently zipped past the 200,000 mark with more than 10,000 new patients signing up each week. But despite numbers that make the Sunshine State among the fastest-growing MMJ markets in the […]

Read More

Florida adds eight more medical marijuana business licensees

Florida’s medical cannabis marketplace is set to see a significant boost in the number of businesses that can operate in the state as regulators approved licenses for eight more firms in addition to the 14 existing MMJ operators. The state will grant the additional licenses to companies that failed to gain approval during the first […]

Read More

Florida bank, medical cannabis business association sever ties

SunTrust Bank and the Medical Marijuana Business Association of Florida officially ended their banking relationship, weeks after the financial institution gave notice it would terminate the account the group opened in 2014. “I spoke with the management at SunTrust several times and we were working on a way to keep (the account) open, but at the end […]

Read More