Florida Medical Cannabis Business & Marijuana Legal News

FL Company Nabs $500K Funding Commitment

A Florida company has secured up to $500,000 in investments to fuel its business interests in the marijuana field. Holding firm iMD Companies landed an initial infusion of $25,000 with an agreement for additional funds as needed to support growth down the road. The company did not reveal the firm or individuals behind the funding, […]

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Marijuana Companies Donate Big Bucks to FL Legalization Drive

Florida’s campaign to legalize medical marijuana is receiving some solid financial support from the cannabis industry. The People United for Medical Marijuana group has raised approximately $5.5 million from 5,659 donations – some of them from established marijuana companies in other states. Harborside Health Center in Oakland donated $20,000 to the organization, while Las Vegas-based […]

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Questions in FL Over Obtaining Cannabis for CBD Program

Entrepreneurs in Florida are wondering how they will obtain cannabis clones and seeds, as the state’s recently approved cannabidiol (CBD) law does not provide any guidelines. Florida’s CBD program allows five companies to cultivate cannabis, synthesize it into CBD oil and then sell it via dispensaries spread strategically throughout the state. But the law does […]

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Florida Entrepreneurs Voice Opposition to CBD Industry Rules

Hopeful entrepreneurs in Florida packed a meeting with regulators to argue against proposed draft rules for the state’s cannabidiol (CBD) industry. Several expressed concerns over a proposal to restrict producer/distributor licenses to individuals who have operated plant nurseries for at least 30 years, saying it would take experienced cannabis operators out of the fold. They […]

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FL Draft Rules Include Lottery, $150K Licensing Fee

Florida could hold a lottery to decide which companies receive the five licenses to cultivate cannabis and sell cannabidiol extract, with the winners forced to pay a $150,000 fee for the permit. These are two of the proposals included in 16-pages of draft rules the state developed for its new CBD-specific program, which governor Rick […]

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$4M Infusion for Florida Medical Marijuana Legalization Push

The campaign to legalize medical marijuana in Florida just received a $4 million cash infusion from its primary backer, noted attorney John Morgan. The cash will help fund an advertising campaign for Amendment 2 – Florida’s medical marijuana bill – which will appear on the November ballot. Morgan expects the “Yes to 2” advertising campaign […]

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UK Company Raising $148M to Advance CBD Drug

British drug maker GW Pharmaceuticals plans to raise $148 million from U.S. investors to advance an epilepsy drug that uses cannabidiol (CBD). The company will sell 1.7 million American Depository Shares on the Nasdaq – where it trades under the symbol GWPH – priced at $86.83 each. The drug, called Epidiolex, contains cannabidiol oil extracted […]

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Florida Beach Town Approves Land for Dispensaries

A Florida town is already paving the way for medical marijuana dispensaries. City commissioners in Cocoa Beach passed an ordinance Thursday night to approve two locations for medical marijuana dispensaries. The spots comply with the zoning ordinances approved by the city, which include a 1,000-foot buffer from a school or church and a 200-foot buffer from two […]

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Florida Legalizes CBD Oils, 5 Dispensaries

Florida has become the latest state to approve cannabidiol-based extracts for medical purposes, with a twist. Gov. Rick Scott signed a bill today that gives patients with certain life-threatening ailments access to low-THC oils derived from cannabis. Florida’s Senate overwhelmingly approved the bill in April. It’s similar to bills passed recently in Kentucky, Utah and Wisconsin. […]

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