One Year Later, Florida's Medical Marijuana Program is Still a Work in Progress

One Year Later, Florida's Medical Marijuana Program is Still a Work in Progress

By David Kotler, Hoban Law Group

Florida voters passed Amendment 2 in November 2016, legalizing the use of marijuana for medicinal purposes. And last June, the Legislature passed Senate Bill 8A, which provides a framework for patients to access medical marijuana safely.

Almost a year later, however, Florida's medical marijuana program is still a work in progress, and patients and potential business entrants still await greater expansion to the medical marijuana market. Senate Bill 8A provided for an additional 10 vertical licenses to have been awarded by October 3, 2017, but that did not happen. Five of the anticipated licenses earmarked for the runners up under the Compassionate Use Program were awarded, and additional licenses were awarded through litigation compromises. In total, 13 licenses are now in some form of operations. As a point of interest, two of the most recent additions are either pending sale or are on the market for in excess of 40 million dollars.

Read the full blog post on themaven.net