Application Process for Medical
Marijuana Treatment Center (MMTC) in Florida
In Florida, the application for a Medical Marijuana Treatment Center (MMTC) was released on September 19th, 2017. Licensed medical marijuana treatment centers are authorized to cultivate, process, transport and dispense medical marijuana. MMTC’s are the only businesses in Florida authorized to dispense and deliver medical marijuana to qualified patients and legal representatives. Some areas in the application are exactly the same as the Low THC application. Nonetheless, the application has its differences. One important difference is the page count limit imposed on the new applicants. This requirement limits the applicant’s ability to illustrate their uniqueness, creativeness and capabilities, amongst other trades and characteristics.
Applicants must submit a non-refundable check of $60,830.00, which is an increase from the previous application fee of $60,063.00. Further, the program changed its name to The Office of Medical Marijuana Use, previously known as the Office of Compassionate Use. Tiebreaker language was also included in the application. Certified financials, business structure, diversity plan and accountability-operations, seem to be of paramount concern to the DOH, since these areas will determine the tie breaker in the event two candidates score the same.
Floridian entrepreneurs now have a cannabis investment opportunity, where before they had to be willing to invest in another state. But what should a potential investor look for in an investment opportunity? “When kicking the tires,” an investor should assess the board of directors, shareholders, and employees.
On a final note, some investors do not know the important differences between the low THC application and the current application process under Senate Bill 8A. Some of the applicants are confused as to the applicable rules. We strongly recommend that investors hire expert cannabis consultants for the application process. GreenAcre Consulting Team is the leading consulting firm in Florida for the Cannabis Industry.
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