Florida Medical Cannabis Business & Marijuana Legal News

Jimmy Buffett teams with Wrigley heir to license brand to Florida cannabis firm

Popular singer/songwriter Jimmy Buffett is joining a growing list of celebrities who dabble in the marijuana industry, teaming with an heir from the Wrigley chewing gum family. Buffett – known for his hit “Margaritaville” and his Parrothead fans – will license his Coral Reefer brand to Georgia-based Surterra Holdings for a line of marijuana products that […]

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FL cannabis lobbyist turned political candidate sees second bank account shut

A second bank has terminated the campaign account of Nikki Fried, a pro-medical marijuana Democrat who is running to become Florida’s agriculture commissioner. Fried said the bank, BB&T of Winston-Salem, North Carolina, took the step because of her support for MMJ. The move highlights the banking industry’s reluctance to work with marijuana businesses and even […]

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Wells Fargo closes account of Florida candidate who backs medical cannabis

In an election-year example of banks’ reluctance to affiliate with the cannabis industry, Wells Fargo terminated the campaign account of a Florida agriculture commissioner candidate because she supports medical marijuana. The move underscores the perils of political candidates who advocate on behalf of the cannabis industry – and, if more widespread, could hamper pro-MJ reform efforts. […]

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Week in Review: New Ohio processing licenses, CA marijuana black market & Florida judge nixes MMJ business cap

Ohio awards provisional medical marijuana processing licenses, a cannabis consumer survey in California confirms licensed MJ businesses are losing market share to illicit operators, and a Florida judge says a state law restricting the number of MMJ businesses runs afoul of a voter-approved constitutional amendment. Here’s a closer look at some notable developments in the […]

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Florida judge shoots down state cap on medical marijuana businesses

A Florida judge ruled that the state law restricting the number of medical marijuana businesses runs counter to a voter-approved constitutional amendment, a decision that could have far-reaching implications for the state’s MMJ industry. The ruling, if sustained, could open up numerous MMJ business opportunities for entrepreneurs if the state ultimately permits an unlimited number […]

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CEO of multistate medical marijuana operator Green Thumb steps down

Peter Kadens, one of the more notable names in the U.S. cannabis industry, has stepped down as CEO of multistate medical marijuana company Green Thumb Industries (GTI). The 40-year-old entrepreneur, who will stay with Chicago-based GTI as a board member, told MassLive.com he was stepping down for personal and family reasons. Ben Kovler, who founded […]

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How Trump’s trade battles are affecting the marijuana industry

The Trump administration’s imposition of tariffs on China is expected to have a direct impact on several sectors of the marijuana industry – in particular, cannabis vaporizer companies. Others likely to be affected include: Cultivation operations that want to expand their greenhouse facilities. Growers that need to buy lighting equipment. Brands that purchase packaging from […]

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Contentious medical marijuana regulator in Florida stepping down

Florida’s top medical marijuana regulator has resigned after a controversial three-year tenure marked by litigation and a scolding by lawmakers for missing mandated deadlines to issue more MMJ business licenses. The Florida Department of Health said Friday that Christian Bax’s resignation will take effect Aug. 10. He had led the state’s Office of Medical Marijuana […]

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State marijuana reforms could spark tens of millions of dollars in business opportunities

Pro-cannabis legislative reform has advanced in a number of states in 2018, with major business developments occurring in Florida, Pennsylvania, New Jersey and other markets. The legislative changes and resulting program expansions could potentially boost medical marijuana sales by tens of millions of dollars a year, providing a shot in the arm to MMJ retailers, […]

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Seattle-based GRN Funds to provide cannabis banking solutions in Florida

It looks as if Florida’s medical marijuana businesses may soon have a new banking option. Seattle-based GRN Funds is planning to provide banking services starting Aug. 16 to the Sunshine State’s medical marijuana treatment centers and ancillary marijuana businesses that successfully complete its application process, the investment bank’s CEO, Justin Costello, told Marijuana Business Daily. […]

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Florida business resumes medical cannabis processing after inspections

One of Florida’s largest medical marijuana businesses received permission Friday to resume operations at two processing facilities after passing state-mandated food-safety inspections, according to company officials and state documents.

Surterra Wellness, which has eight dispensaries statewide, was the second Florida business forced by the state to halt processing operations temporarily to meet the food-safety inspection deadline.

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