By law, the Florida marijuana industry – the largest medical-only cannabis market in the country with $2 billion in projected annual sales – is supposed to have nearly twice as many businesses involved as are operating today.
But with state voters set to decide on adult-use marijuana legalization in November, potentially inflating the value of coveted vertically integrated business licenses, the mandated expansion of Florida’s market remains on indefinite hold.
ADVERTISEMENT
The state accepted applications for 22 available permits in April 2023.
More than a year later, there’s no clear answer from state officials as to when those new licenses will be issued.
“There is literally nothing coming back to applicants. Nothing,” Dustin Robinson, a Fort Lauderdale-based attorney who filed one of the 73
Read full article on Marijuana Business Daily