Florida to expand sizzling medical marijuana market with four new licenses

Florida’s $200 million medical cannabis industry has spurred the state to issue an additional four “medical marijuana treatment center” licenses.

The state health department expects to be swamped with as many as 400 applications for the lucrative licenses, according to the News Service of Florida.

Here’s what you need to know:

  • The expansion was triggered when the number of patients exceeded 100,000 earlier this spring. The milestone also allows each of the 13 existing licensees to each open five more dispensary locations.
  • As of June 29, the Florida MMJ patient count was approaching 130,000 and growing at rate of more than 2,500 patients a week.
  • State health officials also announced that they had issued a medical marijuana license to Nature’s Way Nursery of Miami Inc. The decision came on the heels of an administrative law judge’s recommendation that sharply criticized the state for its license scoring process.

Marijuana Business Factbook 2018 projects that MMJ sales in Florida will reach $175 million to $235 million this year.

3 comments on “Florida to expand sizzling medical marijuana market with four new licenses
  1. Clifton Middleton on

    The Obstructionist in Florida is preventing the emergence of the Great State of Florida as the Saudi Arabia of renewable resources. Industrial hemp mean millions of JOBs growing, producing and manufacturing hemp based fuel, food, fiber and medicine. Florida is the greatest, water, sun and land resource in the world and we are destine to become the Gold Standard of sustainable, green economies. Plant It Everywhere … and Prosper

    Reply

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