Florida seeks courtroom evaluate of medical marijuana licensing

[ad_1]

A courtroom problem by Florida’s Republican governor doubtless will additional delay the state’s profitable medical cannabis market from opening as much as new companies.

Gov. Ron DeSantis’ administration requested for a evaluate of a current appellate panel ruling that the state’s MMJ legal guidelines requiring vertical integration and imposing dispensary caps are unconstitutional.

Right here’s the newest, in line with Information Service of Florida:

  • The state mentioned the current appellate panel resolution creates “confusion and uncertainty” and must be heard and reviewed by the total appellate courtroom.
  • If that request isn’t granted, then the state needs the Florida Supreme Courtroom to weigh in on the problem.

Decrease courts and the appellate panel already dominated that Florida’s restrictive MMJ legal guidelines run counter to the intent of the 2016 voter-initiated constitutional modification that legalized medical cannabis.

The trade needs a extra predictable local weather for doing enterprise, in addition to extra alternatives.

“The 2-year-old lawsuits questioning the constitutionality of Florida’s medical marijuana regulation have created large uncertainty for licensees, sufferers and regulators,” Jeffrey Sharkey, govt director of the Florida Medical Marijuana Affiliation, wrote in an e-mail to Marijuana Enterprise Every day on Thursday.

“Hopefully, this attraction by the governor will enable the courts to resolve the problem of vertical integration and the variety of licenses allowed and supply stability within the market so the Division of Well being can transfer ahead with finalizing their guidelines.”

Whereas Florida’s MMJ market has been one of many hottest within the nation with 246,079 certified sufferers, it has been described as an oligopoly the place licenses are price tens of hundreds of thousands of {dollars}.

As of July 19, six vertically built-in MMJ companies operated 122 of the 144 dispensaries statewide.

The lately launched Marijuana Enterprise Factbook tasks that MMJ gross sales in Florida will attain $425 million-$525 million this 12 months, up from $225 million-$300 million in 2018.

[ad_2]

Latest posts