Florida Medical Cannabis Business & Marijuana Legal News

Florida’s top medical cannabis operators tighten grip on growing market

A handful of vertically integrated companies increased their stronghold on Florida’s fast-growing medical marijuana market in 2018, tripling the number of dispensaries they operate, as new business licensing stalled in the courts. Overall, eight companies operate a total of 83 dispensaries in the state, according to a Dec. 21 state report, and five businesses operate […]

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Health department attorneys in Florida oppose medical marijuana ruling

Florida Department of Health lawyers asked an appeals court to overturn a circuit judge’s ruling they say “injected confusion and uncertainty” into licensing of medical marijuana businesses in the state. That judgment could lead to more MMJ licenses for the Sunshine State’s plant-touching companies. The case centers on a 2017 law, passed during a special […]

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Florida appeals court delays ruling on major medical cannabis case

A legal case that could further open up Florida’s medical marijuana market to new entrepreneurs and hopeful plant-touching MMJ companies has been put on hold for now by a state appeals court. The decision by Florida’s 1st District Court of Appeal means a lower court’s ruling that the state issue more MMJ business licenses won’t automatically move […]

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How Florida’s $250M medical cannabis market could open up to new businesses in 2019

Florida’s $250 million medical marijuana market is poised to swing its doors open to new companies next year after two judicial rulings in recent months that could reshape the competitive landscape. More competitors would be a change for the Sunshine State’s large MMJ market, which currently is dominated by about a half-dozen vertically integrated operators. […]

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Wrigley chewing gum heir is new CEO of medical marijuana firm Surterra

Chewing gum billionaire William “Beau” Wrigley Jr. has been appointed CEO of medical marijuana company Surterra Wellness, a little more than two months after leading a $65 million funding round for the firm. Atlanta-based Surterra operates medical marijuana dispensaries and cultivation facilities in Florida as well as CBD dispensaries and grow operations in Texas. Wrigley is taking […]

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Key cannabis legalization wins could bring in upwards of $2 billion in new sales

Marijuana scored a sweeping victory at the ballot box on Tuesday, with voters approving new markets in Michigan, Missouri and Utah that eventually could generate $2 billion in medical and recreational sales.

Across the nation, voters installed the Democrats as the new majority party in the U.S. House of Representatives, improving the odds that lawmakers will pass federal marijuana reforms that benefit MJ businesses.

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Election updates, analysis & highlights

Marijuana Business Daily reporters were on the ground across the United States on Election Day 2018, providing live coverage of the midterms and their significance to the cannabis market. Scroll down for updates our staff filed from the states voting on cannabis-related proposals, as well as potentially pivotal U.S. congressional and gubernatorial races. For analysis of […]

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Florida Democrats want to create state bank to help medical marijuana companies

The same Florida politician who saw two of her bank accounts closed this year after voicing support for medical cannabis is now spearheading a Democratic push for a state-run bank to service the medical marijuana industry. Nikki Fried, who is running for Florida agriculture commissioner in the upcoming election, said both account shutdowns were related to […]

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Verano, Scythian strike $188 million deal for Florida medical cannabis assets

Chicago-based Verano Holdings struck a deal to acquire a prized Florida medical marijuana license from Toronto-based Scythian Biosciences in exchange for a substantial equity investment. The deal, which includes an additional Scythian investment and is valued at $188 million (246.3 Canadian dollars) overall, reflects both companies’ focus on the U.S. medical marijuana industry – Verano […]

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Florida governor appeals judge’s order to open up medical cannabis market

Florida Gov. Rick Scott’s administration appealed a judge’s order to license new businesses in one of the country’s hottest medical marijuana markets – or risk being held in contempt. Scott’s administration filed the notice to appeal Friday less than three hours before a 5 p.m. ET deadline, the News Service of Florida reported. The governor, who […]

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Florida judge to state: Quit stalling approval of medical marijuana permits

A Florida judge warned the state Department of Health that it has until Oct. 19 to register new medical cannabis operators or risk being held in contempt. Friday’s scathing order by Leon County Circuit Judge Charles Dodson follows an August decision in which he ruled that the state law restricting the number of medical marijuana […]

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