Florida Medical Cannabis Business & Marijuana Legal News

Medical cannabis firm AltMed lands $35.4 million to bolster US, international growth

Alternative Medical Enterprises, a multistate medical marijuana producer and dispensary operator, has secured $35.4 million in a private placement financing from a Pennsylvania-based investment group. The massive investment will allow the Sarasota, Florida-based firm to launch a major expansion in the United States and internationally, said Matthew Duffy, president and chief operating officer of the […]

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Week in Review: Connecticut medical marijuana hopefuls, PA suit & Florida hits 100,000 patients

Connecticut receives dozens of applications from aspiring medical cannabis entrepreneurs, a Pennsylvania court tosses a lawsuit that could have undone the state’s medical marijuana program, and Florida hits 100,000 MMJ patients. Here’s a closer look at some notable developments in the marijuana industry over the past week. East Coast MMJ rising News that Connecticut regulators received […]

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Florida medical cannabis patient count reaches 100,000 milestone

Florida’s rapidly expanding medical marijuana program just hit the 100,000 patient mark, potentially paving the way for state regulators to approve more MMJ businesses. After voters passed a ballot initiative in 2016 legalizing the sale of medical marijuana, the state medical marijuana regulations were written to add four “contingent licenses” when the patient pool hit […]

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On eve of 4/20, cannabis-flavored beer a no-go for two Florida breweries

Federal tax authorities have ordered two South Florida breweries to stop selling craft beer infused with cannabis terpenes oil, putting a damper on their 4/20 party plans. The cease-and-desist letters were issued over the past week to Invasive Species Brewing in Fort Lauderdale and Devour Brewing in Boynton Beach, according to SouthFlorida.com. The federal Alcohol […]

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Week in Review: Illinois’ MMJ banking, Massachusetts’ rec licensing & Florida lawsuit

An Illinois bank stops serving Illinois medical marijuana businesses, Massachusetts begins its recreational cannabis licensing process, and a Florida MMJ company takes the state to court. Here’s a closer look at some notable developments in the marijuana industry over the past week. Illinois banking issue The Bank of Springfield’s decision to quit working with Illinois […]

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Florida medical cannabis company sues state to remove dispensary limit

Trulieve, one of Florida’s fastest-growing medical marijuana businesses, is suing the state to allow the company to launch more dispensaries. According to Florida Politics, Trulieve has lobbed a “constitutional challenge” at the Florida health department over how many stores it can open and where they can be located. Here’s what you need to know: Trulieve’s complaint, […]

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Lawsuit aims to open up Florida’s medical cannabis business licensing

A new lawsuit aims to turn Florida’s medical marijuana program – possibly one of the most profitable MMJ markets in the United States – into a more free-market system. According to the Miami New Times, the suit – filed by the Patients and Producers Alliance – is attempting to force Florida’s health department to issue far […]

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US marijuana heavyweights Helix TCS, BioTrackTHC agree to merge

Colorado-based Helix TCS, a publicly traded ancillary marijuana company, said it signed a merger agreement with BioTrackTHC, a Florida-based seed-to-sale cannabis tracking software company.

The deal’s price tag wasn’t disclosed.

According to an 8-K filing, BioTrackTHC stakeholders will own 48% of Helix TCS once the merger is finalized.

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Florida paves way for black farmer to land medical marijuana grow license

Legislation that could enable a black farmer to receive a Florida license to grow medical marijuana is headed to the governor’s desk. The Senate on Thursday passed HB 6049, which removes the provision that a black farmer must be a member of the Florida chapter of the Black Farmers and Agriculturalists Association to be eligible […]

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Home delivery a big sales driver for Florida medical marijuana companies

Florida medical cannabis producers are seeing increased sales thanks to their ability to deliver products to customers at home. Some companies report that up to 50% of their sales stems from home deliveries, according to the Fort Myers News-Press. Florida has 28 operational MMJ dispensaries in the state as of this week, the newspaper reported. […]

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Trial date set for smokable medical marijuana in Florida

A hearing on Florida’s ban on smokable forms of medical cannabis will be heard by a circuit court judge in May. Leon County Judge Karen Gievers will hold a nonjury trial on May 16 to determine if the ban violates the 2016 state constitutional amendment that legalized medical marijuana. People United for Medical Marijuana, which […]

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Settlement allows Colorado cannabis retail chain to open three MMJ shops in Florida

The Green Solution, one of Colorado’s largest retail marijuana chains, has received the OK to open three medical marijuana dispensaries in Florida. That approval did not come without a fight, however. The Denver-based company’s expansion into the Sunshine State is the result of a settlement approved this week by commissioners in Osceola County. As part of the […]

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